Frequently Asked
Questions

Getting pre-qualified for a mortgage is the best first step. Spend a few minutes on the phone with a lender and you’ll know how much you’re likely to be able to borrow for the purchase of a new home. You’ll then receive a pre-approval letter that you can submit with any offer, showing the seller you are a qualified buyer.

You don’t need a construction loan when you contract with cavada Homes to build your home in one of our communities. There’s one closing, when your new home is ready for you to move in.

We can’t use plans from another source. cavada Homes provides a wide range of floor plans to choose from, with many options to personalize them to your style. We have experience building from these plans and know that they are accurate. Unfortunately, we can’t count on the same reliability from other plans, and when there’s a problem or error, the homebuyer assumes the cost for fixing the problem

When your home is completed, you will finalize the purchase at the “closing”. You’ll sign all of the loan documentation and pay a variety of fees (also known as “closing costs”). These fees include appraisal, title search, attorney fees, home inspection, loan origination, property taxes, homeowner’s association fee, and transfer taxes, to name a few. Some are rolled into the loan (e.g., property taxes, HOA fee), while others must be paid at closing.