Q.What
kind of financing is available?
With our strong commitment to building
communities, we work with a local bank that provides outstanding
service to our owners. We also can provide owner financing
for families with less-than-perfect credit, generally
with a15 to 20% down payment. The typical owner finance
scenario calls for a 20% down payment with the remainder
financed at 10% for either 10, 15 or 20 years. On a $48,000
site, that works out to $9,600 down and about $375 per
month. Q.What are the
requirements for construction?
All our sites are guaranteed to be buildable and construction
can begin as soon as you close. However, there is no
requirement that you build a home within a certain timeframe.
We do have deed restrictions that require a minimum
1,200-square- foot
home.
Q. Can we drive up to the community
if we happen to be in the area?
Absolutely, but please call or email our office a minimum
of three days prior to your planned arrival. Walk-ins
are welcomed, however, you may have to wait for an agent
to become available.
Q. What is the cost of living
in the Tennessee’s Cumberland Plateau?
Tennessee has no personal state income tax, very
low real estate taxes, low utility bills, low construction
costs and even our insurance rates are below the national
average. According to a recent survey by the American
Commerce Research Association, it costs nearly 17% less
to live here than the national average. Your dollar
will go along way – plus you’ll be living
in one of the most beautiful areas of the country!
Q. What size are the lots?
Homesites range in size from two to more than
eight acres and all are turn-key. Electric,
water, and telephone utilities are available
and homesites are accessible by paved road.
Q. How much does the land cost?
Across the board, available home sites average about
four acres at an average cost of $14,360 per acre, an
undeniable value if you’ve been looking at land
in the Carolinas where prices may be over $70,000 per
acre.
Q. Do you offer land financing?
And if so, what are your rates and terms?
Yes, we offer excellent financing with several
flexible plans including owner financing. Our rates
are very competitive and equitable.
Q. Is it difficult to qualify
for a land loan?
No! Our financing plans and terms are excellent
and we are confident that we can tailor a plan that
fits any budget. Like most lenders, to get the best
rates and to put the least amount down, you must have
good credit. However, if you had some credit problems
in the past, we probably have a program for you that
may include owner financing through our corporation.
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