Custom home builder Starr Custom Homes Jacksonville FL

Starr® Custom Homes announces preferred lenders

Starr® Custom Homes (SCH) is please to announce two preferred lenders: Regions Mortgage and Hancock Bank. SCH has worked with these lenders multiple times and found them to have great terms and processes.  Best of all, when you use one of our preferred lenders, SCH will cover half of your closing costs!

Jumbo loans cheaper than conventional for first time

NEW YORK – Sept. 6, 2013 – For the first time ever, interest rates for jumbo mortgages have dropped below the average rates for conforming mortgages, lenders say. The average interest rate for a 30-year fixed-rate conforming mortgage last week was 4.73 percent while the average for a jumbo 30-year fixed-rate mortgage was 4.71 percent,…

Jumbo mortgage loans are back on the table

CHICAGO – July 18, 2013 – It’s a good time to buy an expensive home.

Jumbo mortgage loans, which sizzled during the housing market’s run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to the terms offered to buyers of much less luxurious homes.

As a result, more consumers are able to consider the purchase of luxury homes, a market that has been long stalled. Nationally, the annual dollar volume of jumbo loans is on pace to be the best since 2007, and a growing field of lenders is seeking to build a customer base or cement established relationships by offering those mortgages.

“For a long time, it was, ‘Oh, God, wait and see what happens with the mortgage,’” said Matt Farrell, managing partner of Urban Real Estate in Chicago. “The banks have a renewed confidence in the collateral.”

Rate on 30-year mortgage at record 3.88%

Last week the average rate on a 30-year fixed mortgage fell again to a record low of 3.88% — the eight such record in the past 12 months. Rates on 15-year fixed mortgages increased slightly to 3.17%. Now is the time to save money and build your new Dreambuilder custom home.  Visit our Financing page to…

Dreambuilder announces new financing contact

Dreambuilder Custom Homes strives to network with a variety of mortgage lenders to assist our clients with construction loans, second mortgages or lines of credit.  We are pleased to announce the addition of Paul Gregory, senior loan officer with HomeSource Lending, to our referral network. You can find out more about Paul and our other…