Review the whole project: land, builder, plans, site costs and permanent financing. Tell us where you plan to build and how far along you are before choosing a loan structure.
A builder’s base price is only one part of the amount you need to plan for.
Land and location
Identify the intended state and county, whether you own the land, and any liens, access or utility questions.
Home and plans
Describe the proposed home, plans and specifications. Separate decisions already made from allowances and selections still open.
Builder and contract
State whether you have selected a builder and whether the contract and payment schedule are written. Ask about the lender’s builder review.
Complete budget
Include land, building contract, site work, utilities, permits and other identified costs. Label estimates and record what remains unpriced.
Timeline
Record target dates from site work through occupancy. Ask how delays affect draws, costs and permanent financing.
Permanent payment
Consider the payment after completion, including taxes, insurance and any required mortgage insurance or other housing costs.
Review Questions
Confirm the Property, Builder and Financing Path
Project information
Property location, land status and liens
Plans, specifications and builder contract
Site access, utilities, permits and local requirements
Draw, inspection and change-order process
Borrower and loan review
Income, assets, debts and intended occupancy
Current program and property-state availability
Required contribution, reserves and land-equity treatment
Conditions for construction and permanent financing
Do not assume every dollar of estimated land equity substitutes for cash. Ask how the lender evaluates the land and any existing liens.
One-Time Close
Ask What Remains at Conversion
A combined transaction arranges construction and permanent financing together. Ask what is approved now, when terms are established and which completion conditions remain. The label alone does not promise an automatic conversion or a rate lock.
Separate closings use a construction loan and a later permanent mortgage. Clarify what the first approval covers, what the permanent lender must still review, and how changing costs or circumstances may affect that review.
Use the same project budget
Compare both proposals using the same land, plans, builder and completion assumptions. Neither structure is always cheaper or better. Ask which structures are available for your file and property before relying on one.
Project Costs
Identify Costs Beyond the Building Contract
Item
What to confirm
Land and liens
Purchase price or existing ownership, value review and any payoff
Site preparation
Access, grading, utilities and work outside the builder’s base price
Plans and permits
Design, local approvals and who pays each charge
Financing and inspections
Written loan charges, draw inspections and payment terms
Insurance, reserves and contingency
Required amounts, timing and responsibility under the actual proposal
Project Type
New Build or Existing-Home Work?
For a new build, start with the land and proposed home. For work on an existing property, describe its current condition, planned changes and occupancy. Ask which financing path fits before comparing prices.
Arithmetic only. These editable sample amounts are not a quote, approved loan amount or complete cost schedule.
Identified project costs
$430,000
The sample adds $120,000 beyond the $310,000 building contract. Financing charges, contingency, reserves and unpriced items may still need separate treatment.
Existing land value and equity need their own lender review; this sum does not establish how much you can borrow.
Before You Commit
Turn Assumptions Into Questions
Organize
Collect the land, builder, plans, budget and timeline.
Compare
Review written terms for draws, changes, delays and permanent financing.
Confirm
Confirm availability and conditions before relying on a loan amount or completion date.
Start with the property state, land ownership or purchase status, builder and contract status, written plans, itemized budget and target timeline. Identify estimates and missing items.
Ask how the lender will evaluate the land, its value and existing liens. Do not assume that every dollar of estimated land equity substitutes for cash.
The actual proposal sets the completion and conversion conditions. Ask which documents, inspections and reviews remain before permanent financing is in place.
Credit, contribution, reserves and debt-to-income requirements depend on the program and complete file. Request the current requirements for your project before relying on a number.
Ask for the proposed draw and inspection process, who pays deposits and how changes or overruns are funded. Match the builder’s payment schedule to the lender’s written procedure.
No. It adds project costs you enter. It does not calculate eligibility, available land equity, lender-required reserves or a loan approval.
Describe the existing home, proposed work and occupancy plan. Renovation financing raises different property and project questions from building a new home.
Texana Bank helped me with the purchase of my third home, and honestly, the experience was the smoothest of all three home purchases. I only worked with Lynette, but she was friendly, helpful, and courteous at all times. She was extremely patient with me, and she took time to answer all my questions. Even more impressive is that the bank worked with me through a challenging employment situation. Never once was I made to feel bad about asking questions, and Lynette's responses were lightning fast. This was one of the best experiences I have ever had with any company, bar none. I highly recommend Texana Bank to anyone.
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Mikayla Irwin
★★★★★
Lynette Heck is the best to work with. No matter what we needed, she was on top of it and thinking of things way before we needed it! We really appreciate everything she did for us!
M
Mark Sherrard
★★★★★
Overdue but thanks again Adam, I appreciate you going above and beyond to make sure my family got our dream home. 10 stars.
C
Carson Romero
★★★★★
My experience with Lynette was the best and easiest experience it could’ve possibly been when being a first time home buyer. She’s very kind, communicative, reliable, and so much more! It made the whole process that much less stressful and overwhelming. So blessed to have had her on my side!
Z
Zane Atkins
★★★★★
Parker McMahan has helped us with 3 mortgages and a refi in part few years. Always great service-always honest advice. Texana will be my “go to” for mortgage advice and activity from here on. They are also great in the area of VA home loans.
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Gary McDay
★★★★★
I had an excellent experience working with my texana bank mortgage from start to finish. They were extremely professional, knowledgeable, responsive, and made the entire mortgage process feel much easier than I expected.
They took the time to explain everything clearly, answered all of my questions, and kept me informed throughout the entire process. I always felt like I had someone in my corner who genuinely cared about helping me reach my goals.
If you’re looking for a mortgage broker who is trustworthy, dependable, and willing to go the extra mile for their clients, I highly recommend them. I truly appreciate all of their hard work and would definitely work with them again!
K
Kent Sisco
★★★★★
Adam McCormick is fantastic! Easy to work with and keep me informed every step of the way! Looking forward to working with him again in the future
A
Andrea Ferrell
★★★★★
Adam was phenomenal from start to finish! He was friendly and professional. He assisted me every step of the way, walking me through the process with ease. He was always there for whatever questions I had. He was very, very patient and always reached out to me in a timely manner if I contacted him and he was unavailable at the time. Moreover, he made me feel as if he cared for more than just my loan, but me as a person!!! Texana is blessed to have him as an associate!!
Andrea
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Clay Ragsdale
★★★★★
Where to really start. Adam walked me through everything and put me at ease. I have had some bad experiences with other companies so I was digging and looking for any red flag. There was none with him and his direct talk is what did it for me. Someone that is real and just says what it is. No false hope or misdirection at anytime.
I would recommend him to anyone and definitely Someone looking for honesty and caring. The communication is top notch and a true professional.
Respectfully,
Clay
B
Belvia Lynn
★★★★★
My overall experience while working with Adam McCormick was excellent. He was very pleasant and professional.
J
Joseph Hardman
★★★★★
Adam McCormick is an absolute professional in every sense of the word. I will NEVER use any other loan officer for my financials other than Adam as long as he is in the business. His work as my loan officer was exceptional. Throughout the process, he always responded to an e-mail, responded to a text, called right back if not answering immediately. He always made you feel as though you were his only client. There was never the impression he had more important things to do other than speak with you. He worked with us through a death in the family, personal issues, and numerous other challenges. It's possible other loan officers would have given up on us during this process, but Adam stuck with us through it all. His work ethic is amazing. He is an expert in his craft. I could not possibly give a higher recommendation, he has redefined what right looks like in this business.
M
Marsha Kessler-Bradshaw
★★★★★
I was about to go with another company for this refinance no cash out until I received a call from this Adam McCormick. He was so knowledgeable and made me feel very comfortable with this process. Adam is knowledgeable ,courteous, understanding and has a real passion and patience for people. 👍We are at the closing. Thank you Adam McCormick!!
P
Peter Jenkins
★★★★★
My situation had its difficulties. Justin was confident and persistent through the process and we the got the result
D
Dale Samuel
★★★★★
Mark has been very professional and has been very respectful to my wife and myself.
Mark has shown that genuine human qualities and really worked with us and for us.
This actually been a pleasure to get to know Mark.
J
James Fields
★★★★★
Outstanding Service and support from a truly Customer Oriented Agent! My pleasure to have worked with Mr. MCcormick.! Would follow him to next source if necessary. He is concerned in an outstanding balanced way. My pleasure to?know and do Business with him and The Bank!
JFields
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Rose Stone-Stewart
★★★★★
Texana Bank was there for us throughout the entire process. Their personableness, as well, their professionalism. As a financial institution it was nice to know that while obtaining a loan, we had a safe place to relay. They are absolutely “by the book” and at the same time makes the process easier to participate. The hospitality and genuine concern as clients was overwhelming of which we will always consider Texana Bank first, before mostly any other financial institution.
M
Mitchell Morris
★★★★★
Greg was awesome and the process was simple. I have nothing but the highest praise for the process and for Greg himself. Thank you.
R
Ronald Bylsma
★★★★★
Best refi experience of our lives, Andre was very knowledgeable and always kept us calm when things got stressful. Would recommend Mr. Andre Floyd to anyone looking for a great lending officer!
Ready to Build Your Dream Home?
Share the intended property state, land ownership, builder status and whether a written budget exists. Confirm program and property availability before relying on a financing path or closing date.
