Is there a down payment or other earnest money requirement?

Now we are building homes, apartments and condominiums.  The
minimum down payment with a contract on a lot or home is 10% of the
sale value.  If you have qualified as a buyer, we will then handle
all the Construction Loan financing, and your lender will take over at
the point of substantial completion.

 

For those
persons who paid $2,500 as Earnest Money, this money is still held in a
fully refundable interest bearing Escrow account.  It is fully
refundable up to the point a contract for building your home or
commercial building is completed. The $2,500 Earnest Money will be applied to construction costs when your home is built.