Building an affordable custom home is a big step forward. Securing the right financing is a critical decision for every homeowner. However, this is where they face the crossroads: which lender should they choose?
At HiLine Homes, we are here to provide a straightforward and supportive guide to help you make the most informed choice for your home loans. We offer financing through our network of approved lenders who understand our unique building approach. Our goal is simple: deliver quality homes that prioritize affordability, craftsmanship, and your family’s happiness—while connecting you with lenders who can help you navigate the financial side with confidence.
What Are a Home Builder’s Approved Lenders?
A builder’s approved lender is a mortgage lender directly partnered with the home builder. They can be banks, credit unions, online lenders, or an in-house lending division. Also known as a preferred mortgage lender or builder lender, they understand that the builder’s construction process enables them to streamline the buyer’s home loan approval.
Many preferred lenders offer long-term rate locks that protect the borrower’s mortgage rate throughout the construction timeline. This reduces uncertainty when buying or building a new home.
How Approved Lenders Work
Our approved lenders’ financing programs are specifically designed to support every stage of our home construction process. This is why we often recommend them to homeowners.
Each approved lender has already been verified against our draw schedule for land and new construction loans. They have also completed multiple qualification checks before being added to our trusted network.
Having done the legwork that homeowners need to finance home construction, our approved lenders help streamline the process of building your home.
Additionally, our builder-preferred lenders offer borrowers a rate lock. It locks in the price of the house under construction, ensuring it remains stable until completion. See our Price-Lock Guarantee to learn more.
Advantages of Using a Builder’s Approved Lender
We often recommend reviewing the offers of our approved lenders. With their familiarity with our construction process, they can help you secure a loan offer that suits your needs without breaking the bank. They can also provide you with additional conveniences.
Here are some of the advantages to expect when reviewing the rates of an approved lender.
- Price Protection
HiLine Homes offers a Price Lock Guarantee in which we promise we will never raise the price of your home as long as construction begins within 120 days from the order date and the project continues with consistent progress throughout construction.
- Longer Rate Lock Periods
Approved lenders typically offer long-term rate lock periods that align perfectly with the construction timeline.
- Convenience & Communication
The existing partnership ensures open communication channels, which lead to a smoother, stress-free mortgage application and closing process.
- Confidence in Quality
The lender is often more willing to fund the loan because they are familiar with and trust the quality of the builder’s product.
- Higher Approval Chance
Preferred lenders have streamlined prequalification measures and may be more likely to approve borrowers.
- Flexible Timing
Our preferred lenders typically provide approvals quickly. Depending on the lender you choose, approval timelines can range from as little as two days to up to two weeks.
Find Your Best Mortgage Rate: Why You Need to Shop Around for Home Loans
It’s vital to discuss your project with as many of our readily available approved lenders as possible. This way, you can compare mortgage rates, loan options, and overall service to secure the best possible home loan.
- Prequalification Takes Time—But It’s Worth It
Discussing your project and shopping our approved lenders list can prolong the process of selecting one. However, the time spent shopping around is well worth it for such a significant financial decision, as a home loan can last for 15 to 30 years. - Evaluate the Full Cost of the Loan
Once several preferred lenders have informed you, compare mortgage rates. Use the HiLine Home Mortgage Calculator to help you create a picture of your future monthly payments.
We also recommend reviewing the total loan costs. Total loan costs are the sum of the monthly principal and interest payments. By considering the total cost, you can select a home loan that genuinely benefits you over time. . - Select Your Lender with Confidence
Once you have decided which mortgage lender offers the best overall package, notify the company of your intent to proceed. Review the contract carefully to ensure you thoroughly understand the loan terms, including the interest rate and long-term financial implications, before signing.
Get Prequalified With a HiLine Homes Approved Lender
At HiLine Homes, we work with approved lenders that offer specialized financing for construction and long-term homeownership. We invite you to get prequalified with us to ensure you are most informed about the best mortgages available for you.
Our prequalification form is not a test. Instead, it’s a question of which of our lenders’ financing options you are most eligible for. Fill out our prequalification form today to get the answers you need.
