Custom Home Construction Financing gets stronger and becomes less expensive than existing inventory

Custom Home Construction Financing gets stronger and becomes less expensive than existing inventory

There has been a substantial increase in the amount of New Custom Home construction financing in Orange County. With interest rates at all time lows, available capital and willing lenders the resurgence in Custom Home construction is gaining steam. In speaking with First Republic Bank, US Bank and California Bank and Trust all are offering acquisition, construction and permanent financing for clients dream homes. John Hicks of US Bank says, ”Business is picking up significantly from where we left off in 2007 based on lot prices, construction cost and rates being down, in some cases as much as 50% in all categories. We are getting back to a place where it can be cheaper to build than to buy in this current intersection of the above parameters with inventory of SFR shrinking.” As the OC market continues improving and the inventory decreases the attraction of building your dream home as opposed to buying existing older inventory becomes even stronger. At The Strand at Headlands we make the process even easier. The developer will finance the purchase of your custom homesite with as little as 25% down. Incredibly easy terms allow you to design your custom home then go to the lender of your choice to arrange the construction and permanent financing to make your dream a reality. The Strand at Headlands will be home to only 118 families and features 1.5 miles of white sand beach, 70 acres of parks and open space, 24 hour guard gate security, and a private Beach Club with lounge, bar, spa, pool, and state of the art fitness center. There are only 66 homesites remaining in the last beach front community to be developed in Orange County and the current incentives and pricing make this an opportunity not to be missed.

The Strand at Headlands sales office is located at 33971 Selva Rd, just minutes from The Ritz Carlton and St. Regis Monarch Beach.