FINANCING

Our financing program was created to provide lower new home prices to Wakefield Homes’ purchasers. This is achieved through our competitive “Preferred Lenders” for our Ready Purchase Homes, and our “One Stop Shopping” construction/permanent financing for Build-On-Your Lot (BOYL) customers. We also provide additional savings with prearranged loan settlements through our preferred title company. Together, our program, mortgage companies, and title company offer favorable terms and rates to our home purchasers.

The financing programs offered through our Preferred Lenders provide up to 60 days loan rate lock for Ready to Purchase Homes, and up to one (1) year loan rate lock for our BOYL customers.

Read more about Wakefield Homes New Home Construction/Permanent Financing Program

BOYL CONSTRUCTION TO PERMANENT LOAN PROGRAM FEATURES:

  • Funding for lot acquisition, construction, and permanent financing with various mortgage loan products at competitive rates with a Single Settlement.
  • Loan Duration: The loan duration may be as long as twenty-four (24) months once settled.
  • Construction Loan Interest Rate: The interest rate charged during the construction period is tied to the Wall Street prime rate and is computed on a simple interest basis. The monthly interest fee, for which you are responsible for paying the lender based on the outstanding loan balance, will be computed monthly as follows: principle drawn at settlement to fund the land purchase plus the construction draws’ outstanding balance times the annualized interest rate for one month.
  • Permanent Loan Interest Rate: The permanent loan interest rate is a floating rate until it is locked-in by the purchaser. This must be done within thirty (30) days of completion of the home. You may choose to lock-in your interest rate for six (6), nine (9), or twelve (12) months.

For New Home Purchases or Build On Your Lot Purchases, Please visit our Preferred Lenders Websites and contact our mortgage representatives.

OUR LENDERS OFFER AS LONG AS A 360 DAY INTEREST RATE LOCK.

ATLANTIC BAY MORTGAGE GROUP

Christian A. Hartung
Senior Vice President Mortgage Lending

NMLS #483527, Licensed in VA; NC; FL; MD; PA; DC; DE; WV; GA # 483527

211 North Union Street

Alexandria, VA 22314

Cell: 202-360-8773

chartung@atlanticbay.com

www.HartungLending.com

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Atlantic Bay Mortgage Group, LLC | Sign Up

FIRST NATION BANK CORPORATION

John Yannetti
Mortgage Specialist

NMLS No. 461904

Cell: 703-623-4100

yannettij@fnb-corp.com

APPLY NOW TO GET STARTED

FNB CORPORATION

4114 Legato Road

Suite 450

Fairfax, VA 22033

WELLS FARGO HOME MORTGAGE

Darnell Stanley Glover, Jr.
Private Mortgage Banker

Builder Division

NMLSR ID 429841

Cell: 704-728-1278

Darnell.S.Glover@wellsfargo.com

Darnell S Glover | Wells Fargo Bank, N.A. (wf.com)

20370 Exchange St. Suite 230,

MAC: R3039-020 | Ashburn, VA 2014713033

* LOCK JUMBO LOANS FOR UP TO 720 DAYS