When developing a relationship with clients, you want to make sure they begin with a strong foundation and a solid plan. When a client plans to build a home, they will find additional components to the process, ones that could cause stress. As you begin speaking with your buyer regarding which lender to approach, consider a product that offers less stress with “one rate, one closing, one loan” and one set of closing costs. Make inquiries for your clients, asking how strong the lender’s pre-approval is, if the loans are locally approved and if they are closed locally. You want to streamline your client’s construction loan, keeping the process just as smooth as it would be for the purchase of an existing home. Also, keeping it streamlined means receiving a commission payment at settlement. So often, building a home can become complicated. Working with the lender with the best product can keep the newly constructed home a dream home.
Since successfully offering its Construction-to-Permanent Loan product to Greater Kansas City area customers, beginning May 1, 2014, Capitol Federal® will begin offering this popular loan product to customers in the Topeka, Lawrence, Greater Wichita and Manhattan areas. Review www.capfed.com/constructionperm for more information or contact any one of our loan professionals to learn more about it. As an Equal Housing Lender and with more than 120 years of True Blue® service, Capitol Federal® is here to serve you and your clients.
