Step one is to get a pre-approval, if you are taking out a mortgage loan. Our preferred lenders include: Prime West Mortgage, Texas Tech Federal Credit Union, and City Bank Mortgage. For this process, you will need to provide information to the lender on assets, liabilities, and current employment. You will want to check with your individual lender for a full list of items required for the pre-approval and loan process.
Choose Your Neighborhood
Step two is where we come in! After your pre-approval, you will know what price point you will want to stick with. This is how we will determine the best neighborhood for you. The great thing about Ventura Homes is that we have homes at many different price points!
Pick Your Floor Plan
Which home will be best for you? You can choose between a move-in ready home, a spec home under construction, or pick your own lot and floor plan. Your choice may depend on a time frame you need for moving. You can see tentative completion dates on all of our listings. Typically, our homes take 3-6 months to finish from the time of the contract. If you decide to pick a floor plan and a lot, we can make minor adjustments to the floor plan before construction. With any home built from scratch, you will be able to choose most of your interior and exterior finishes.
Sign a Contract
Next comes the contract! If you work directly with us, we will create the contract. You will also receive a $2,000 rebate check at the time of closing if there is no outside agent involved! If you choose to work with a realtor, we will work with the realtor to get the contract together. The contract will will discuss the final price, finishes, warranty, and a completion date. At this time you will put down a 1-3.5% deposit that will be applied to your purchase price at the time of closing.
30-45 Day Lender Process
There will be a lender process of 30-45 days to close on a home. As soon as your home is complete you can close as long as you have completed your lender process for your mortgage. During this time, your lender will need certain information from you, you will lock in an interest rate, and prepare for the closing of the home.
Our designers will work with clients to select finishes. If your home is under construction, we allow changes to be made to any finishes that have not been ordered or installed. These typically include: flooring colors, counter tops, back splash and tile, and wall and trim paint colors for the interiors. The exterior selections will include: brick color, roofing, trim and siding colors, and front door and shutter colors if applicable.
Our completion and warranty specialist, Paula Evans, is in charge of the scheduling and carry-out of the walk-throughs. During this process, she walks clients through their new home to ensure satisfaction in the building process, to explain warranty procedures, and give instructions on how to best maintain your new home.
On the day of closing you and Jeff will both go to the title company, Western Title. There, all necessary paperwork will be finished. At this time, you will pay your down payment and closing costs. On some homes we offer closing cost assistance. Once funding goes through, you get the keys to your new home!!
We provide a standard 1-2-10 builder warranty for every home we build. This means a one year warranty of workmanship, two year warranty on all mechanical systems, and a ten year warranty on the major structural components of the home. If there is ever an issue, Paula will be sure to get the appropriate staff from our team to your home A.S.A.P. to get the issue resolved. We take pride in our homes, and we want you take comfort in the fact that we will do our best to take care of you.