3.99% (4.606% APR)*
Adair Homes + Basis Home Loans have joined forces to create a truly one-of-a-kind VA construction loan.
Locked-in Rate
With our in-house financing and no loan limits, you can lock in a 30-year fixed rate as low as 3.99% (4.606% APR) on exactly what you need—so you won't have to worry about changes down the road. Use the equity you've built into your current home to qualify.
Zero Down Payment
$0 down required. It's a benefit you won't find with most construction loans, and we're proud to make it available to veterans.
Flexible Credit Scores
Wherever you're starting from, we'll work with you to find the best financing available.
Only Qualify Once
You'll only go through credit qualification once—no second approval needed when your home is finished.
You've earned it. Get Prequalified for Your VA Construction Loan
Build the home – and life – you've always dreamed of with Adair Homes
Choose one of over 50 Architect-Designed floor plans and customize it to make it your own. OR choose our Design & Build route, and work with our team to create a custom home from scratch.
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*VA Loan: This is a VA program. Current guidelines for VA Financing can be found at http://www.benefits.va.gov/homeloans/index.asp. The advertised loan is for a 30-year Fixed Rate One-Time Close Construction Loan with a 30-year fully amortizing term. During the construction period the interest rate is 7.999% with an APR of 19.454% and an estimated monthly interest-only payment of $1,833.10. Upon completion of construction, the interest rate will convert to the long-term financing fixed interest rate of 3.99% with an APR of 4.606% and a monthly principal and interest payment of $2.655. The disclosed APR is based on the payment of 1.5% in discount points and a 1% origination fee. The interest rate quoted assumes a purchase with 60-day lock pricing, VA loan, $550,000 loan amount, 100% loan-to-value (LTV), and a minimum FICO score of 740 on a primary residence. Mortgage payment will be higher with taxes and insurance included.
Basis Home Loans is an Equal Housing Lender NMLS #2348051; 4400 NE 77th Ave, Suite 100, Vancouver, WA 98662. Corporate phone (855) 589-9507. Promotional Interest Rate(s) are available if the home is financed with Basis Home Loans (NMLS #2348051). You are free to finance your home purchase transaction with any lender you want, but the Promotional Interest Rate(s) and APR(s) shown are applicable if you finance your home purchase with Basis Home Loans.
