Home > Personal > Mortgage Loans > Building A New Home

Building A New Home

building_home.jpgBuilding a Home can be one of the most satisfying or aggravating activities of a lifetime. Your home should fit the way you live, with spaces and features that appeal to the whole family. Apply for a mortgage loan from Guaranty Bank. We want to help you build your dream home!

Once you start planning your new home, there are so many things to consider - so many choices to make. How many bedrooms should you have? Is the kitchen large enough? What layout works best?

  1. Get Pre-Approved: Pre-approval is a guarantee from the lender for a specified mortgage loan amount. Getting pre-approved will assist you in the financial planning of your new home by establishing how much you can afford to spend. Call Guaranty Bank at 319.286.6200 to get pre-approved over the phone!
  2. Meet with Builders: Arrange for an appointment with a reputable custom builder. Discuss possible floor plans and lot considerations to meet your needs.
  3. Locate Property: Work with area Realtors or property owners to find a residential lot. Evaluate locations based on your lifestyle and personal preferences.
  4. Select your Home: Choose your floor plan of your new home and specify interior and exterior finishes.
  5. Order Blue Prints: The prints are a working set of drawings needed for a detailed quote. They're also used for the actual construction of your new home.
  6. Request a Quote: Quotes are detailed prices based on your blue print and specifications. This will be the basis for your financing and construction contracts.
  7. Secure Financing: Meet with your Guaranty Bank lender to complete financing arrangements. Your pre-approval will greatly assist with securing a mortgage loan.
  8. Sign Contract: Contact your builder to sign the contract! The contact will spell out the details of the process to ensure everyone is properly informed.
  9. Start Building Your New Home!
Take the First Steps

To get pre-approved for your mortgage loan, call Guaranty Bank at 319.286.6200. To learn more about building a home, or if you are interested in starting the process contact one of our mortgage lenders.