MAIN NAVIGATION Menu FINANCING YOUR DVELE Designing, financing, and building a new home is a life long achievement in itself. Our team is here to make sure it happens. LET US HELP YOU GET STARTED We understand the value & pride in owning a quality home. Our team also understands that it can be overwhelming at times. There are several aspects of the homebuying process, which is why we’ve provided a step-by-step guide to serve as a reference to simplify the process and help you to reap the life long benefits of financing your new home. FINANCING YOUR DVELE Dvele’s dedicated team will assist you with sourcing, understanding, and setting up all your financing related to your Dvele. Your Dvele can be financed through a construction loan, which will eventually convert into a mortgage loan once the installation is complete. Our lending partners can finance not only these production costs but also the land purchase. HOW CONSTRUCTION FINANCING WORKS Construction loans are similar to traditional mortgages, however, they are distributed differently. Construction to permanent financing is a type of loan which allows you to build or renovate your home. When the construction is done, this loan rolls over into a traditional mortgage without you having to go through another closing. This means you'll only have to pay for one set of closing costs. As opposed to issuing the entirety of debt at once, construction lenders issue debt in parallel with certain progress milestones. Additionally, construction loans are typically distributed after all the borrower’s cash equity (closed on escrow at construction loan closing) is used by initial progress payments. THE DVELE ADVANTAGE Due to our highly efficient processes, our production timeline is significantly shorter than the industry average. This provides the opportunity for all Dvele clients to pay dramatically less interest during the construction process. The shorter building time frame also reduces the risk for banks – making financing simpler and more streamlined, for everyone involved. PRIORITIZING YOUR BUDGET Deciding on a feasible project budget can be quite a tedious analysis for first time home buyers, especially if you are dealing with land acquisition and construction. Loan-to-Value A fundamental determinant of how much debt a lender is willing to provide, for construction as an existing home purchase is Loan-to-Value (LTV). LTV is the proportion of the lower of total project cost or appraised value that the lender is willing to finance through debt. Dvele’s design team helps with the financing process by starting your project design with a recommended base design, aiming to optimize for appraisal. Many clients then opt to customize or add on premium options like expansive decks, pools, or high-end finishes. In addition, local governments may require additional specifications for safety or local code, which apply to all new construction. Depending on your geography and options, these options may or may not appraise at full cost, while they often do add functionality, safety, and wonderful lifestyle features. In your project design process, Dvele’s experienced team seeks to be thoughtful about cost while helping you make tradeoffs on appraisal vs value for your specific lifestyle. DVELE’S FINANCING PARTNERS While Dvele does not provide in-house project financing, our team has established a network of lending partners throughout the county who are prepared to finance qualified projects. Starting with Site Analysis, Dvele will assist clients with loan qualifications and will work with you and your lender throughout the construction process. HOW IT WORKS PROJECT FINANCE GUIDE As part of the Site Analysis package, you will receive a Project Finance Guide, which will provide a deeper discussion of key finance terminology and concepts. Additionally, we will review our "Project Finance Toolkit" with you, providing a re-examination of key finance requirements as updated by the Site Analysis preliminary estimate. LENDER INTRODUCTIONS Once project design and cost has been established by the Site Analysis, our team will facilitate introductions to 1-3 appropriate lenders, including the delivery of project detail and supporting documentation. It is common for Dvele clients to bring pre-existing banking relationships to their projects. In these cases, the Project Finance team will work with the new lender to get them familiar with Dvele’s product and process, to vet Dvele as a builder and will help negotiate appropriate terms and conditions. APPRAISAL & LOAN CLOSING Dvele’s team will accompany the design process and assure that key milestone in the project finance process is moving in line with project process. APPRAISAL Our team will work to ensure that the appraisal is ordered in a timely fashion, assemble a full appraisal package to be delivered to the appraiser, and assist in any appraisal questions if necessary. CLOSING Dvele’s team will ensure that all necessary Dvele materials are delivered to the lender in as rapid a manner as possible so as to ensure financing closes on time. CUSTOMIZE YOUR DVELE NOW If you’re considering the idea of financing a new, self-powered modern home, please contact us. An experienced Dvele project manager is ready to meet with you. You can even customize your own Dvele and download a personalized lookbook and estimated budget. 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