Q: Can Allen Schrock Builders Help Me Find a Mortgage Broker?
A: Allen Schrock Builders has had the opportunity to work with the very best Mortgage Brokers in the area. In our initial consultation, we will assess your needs and make recommendations to match you with the appropriate professionals within our industry who can explain the Construction Loan process.

Q: Can I Apply For A Loan Online?
A: Allen Schrock Builders partners with local lenders that are familiar with the process of purchasing new construction. Each of these mortgage companies will work with you closely from the beginning with your application to the end of the process when you close on your new home. Obtaining a mortgage pre-approval will assist in speeding up the process and increase your knowledge of buying power you may have with your current finances. You’ll find two of our amazing lenders CLICK HERE. if you would like to speak to a lender before your consultation. Feel free to contact one of our lender partners today.

Q: What Type of Loans Are Best For New Construction?
A: While Local Lenders offer traditional mortgage products, our Lender Partners also offer more unique products, such as bridge and construction loans, to better fit the diverse needs of our customers. To find out which loan products are best for you, click here to get started today: CLICK HERE

Q: What Does A Mortgage Payment Include?
A: A typical monthly mortgage payment includes: principal, interest, Homeowners Insurance, property taxes, and if you put down less than 20% on your home it will include Private Mortgage Insurance (PMI).

Q: What Happens at closing?
A: When you close, that new house and the mortgage that goes with it are officially yours! At closing, you’ll sit down with the professionals involved in your real estate transaction and sign all the legal documents needed to give you ownership of your new home. That’s pretty exciting! You’ll also be responsible for paying closing costs as part of the process. Typically you'll receive a Closing Disclosure three days before closing so you know exactly what you can expect.