Building
your New Home with Instant Home Equity in 8 Steps
Step
1- Applying for a loan
When
you apply for the IHE program, we will determine if you pre-qualify
based on your
income and credit history. Then, we will work together on a preliminary
budget for your new home, which includes land, labor and materials.
Step 2- Finding
Land
If you already have
land- you are ahead of the
game. Start searching for land in the areas
where you wish to build. You can check the
FAQ on ideas of where to start.
Your Instant
Home Equity representative will also assist you.
Step
3- Finalizing your Costs
You find the subcontractors to build your new
home, then finalize your comprehensive budget
by obtaining actual bids.
Step
4- Independent Appraisal
 To protect you and the bank from going over
your budget, IHE will send out a certified
independent appraiser to insure that the value
of your new home will be greater than the loan
you are asking for. This is what builds "sweat equity", which
allows you to build a home with
no down payment
Go
to the next Steps  |
