When you build a custom home with Gonyea, we provide the financial expertise to ensure your vision becomes a reality. We provide you with a custom built financial package to fit your needs. Gonyea Homes works in partnership with Tradition Mortgage to provide the best in new home construction financing.
Learn More About Tradition Mortgage
Tradition Mortgage is a top 10 Minnesota-based lender with access to a full spectrum of mortgage options. They offer in-house processing; underwriting and closing services so you can rest assured that your loan will close accurately and on time.
During construction, you may make decisions that will cause pricing to change. Your Tradition Mortgage specialists will help you to navigate the financial impact of these changes. Their partnership with Tradition Capital Bank provides them with more flexibility and options than other mortgage companies.
When financing your new home through Tradition Mortgage, draws are processed through Custom Home Builders Title. They act as trustee on your behalf, insuring loan funds are accounted for and paid directly to vendors upon completion of work.
Closing Cost Savings: Through our partnership, Tradition Mortgage offers a $2,000 credit toward closing costs and a loan origination of .75% versus 1.0%
No Monthly Interest Payments: During the construction period, accruing your interest helps you manage cash flow until your home is complete and end financing is put in place.
One-Time Closing: Choosing this program eliminates a second set of closing costs associated with builder financing.
Reduced Interest Rate: During construction, the interest rate will be 1-2% less compared to builder financing.
Potential Tax Deductions: These deductions are verified with your tax professional.
Timing: Securing your financing now enable you to focus on making selections for your new home.
Take the next step to making your dream home a reality.