If you are thinking about buying a new home, you may need financing to make that dream a reality. New construction financing is an option for those who want to buy a home that is still under construction or has been recently built.
At IBP Financing we are experts in advising you on the acquisition of your new construction home, applying the best mortgage conditions, improving those offered by the creditor bank of the developer/builder finalist loan. We accompany you throughout the process and offer you professional advice individually and collectively of the real estate.
New construction financing is a loan that is used to cover the costs of home construction, developer’s fees and taxes associated with the purchase of the home.
In Spain, financing for new construction usually has different conditions and requirements than financing for existing homes. For example, it is common for banks to require a larger down payment and shorter repayment terms.
Before applying for financing for new construction, it is important that you take into account some aspects:
Buying a home is an important investment and you should take the time necessary to make the best decision. If you have any doubts or need more information about financing for new construction, do not hesitate to contact us (link to form) so that we can advise you and help you find the option that best suits your needs and financial possibilities.Get more info