Frequently Asked Questions
With Allen Edwin Homes, we offer homes with as little as 0% down payment based on the location of the home and/or your qualifications.
We work with our top preferred lenders to match you based on your comfort level of down payment and monthly mortgage payment.
Never! Unlike other builders, at Allen Edwin Homes, the home buying process is as simple and easy as buying a used home—we don’t require you to get a construction loan and start paying monthly payments before we start your home.
At Allen Edwin Homes, the price you pay is determined at the Purchase Agreement.
If our costs increase due to increase of lumber and other materials and labor AFTER you purchase, Allen Edwin Home DOES NOT increase or assess additional costs to our homeowners.
Just one great way to lock in pricing today!
Our preferred lenders offer down payment programs as low as 0%. All the mortgage programs, including:
- RD (USDA Rural Development) loans starting at 0% down
- VA (Veterans Administration) loans starting at 0% down
- FHA (Federal Housing Administration) loans starting at 3.5% down
- Conventional loan financing with as little as 3% down
Yes! We love our veterans and those that have served. VA loans offer the ability to put $0 down on a new home with Allen Edwin Homes.
First, provide any needed information immediately to your mortgage company. It will then be necessary to wait for your loan approval letter from your mortgage company.
The loan approval letter should provide you with a reasonable budget for your home.
Upon receipt of the loan approval, if you are building from the start, the Design Studio Coordinator will call you to schedule your Consultation and Final Selection Appointments at the Design Studio.
It will be your responsibility to take a more hands-on approach to ensure that Allen Edwin Homes receives your loan approval letter.
Most mortgage companies are not accustomed to working within such short turn-around times. The lack of timely response by your lender may delay the start of construction on your home and ultimately the closing of your new home.
Allen Edwin Homes cannot begin the process of building your new home until we receive your loan approval letter on the Allen Edwin Homes provided form called the Pre-Commitment Form (PCF).
No! Our Sales Counselors are trained and educated on mortgage programs and have unique tools to help you understand what a bank or mortgage company would approve you for.
Depending on your ability to complete an application and submit any supporting documents requested by your lender, it could be in just hours or up to 3 days.
Mortgage applications today can be done online or, if you prefer, you can meet with a loan officer in person.
Yes! We love first time home buyers and are uniquely qualified to help them on the purchase of their first home:
- We help establish what you are comfortable paying.
- We help you see what is available in the market as compared to what we can build for you and see for yourself how we can build more value as compared to other options in the market.
- Our team of Sales Counselors, Design Studio Consultants, Production Managers and Customer Care are here just for you!
See why we have a 90%+ “Customer Recommend” from our homeowners as measured by Guild Quality!
We have a solution for that! We work with our preferred lenders to help establish what you can do in terms of financing options such as a “Bridge Loan”.
This is the ability to use the equity in your current home as part of the down payment for your new Allen Edwin Home in the event your existing home is not sold and closed in time to close on your new home.
Many of our preferred lenders have long term rate locks to give you peace of mind. These programs vary on your build timeline but will greatly reduce any stress you have on volatility of interest rates.
For a complete list of lenders and the varying long term interest rate lock programs, see sales counselor.
Great question! We ask that you see for yourself. We have proprietary software to help you compare.
With a new home you get the latest in energy efficiency, technology, and warranties that a used home simply can’t match.
Plus, you will see that our total cost of homeownership when it comes to your monthly payment AND the cost of repair and replacement of a used home (think new roof, new furnace, new hot water tank, new air conditioning, etc.) and you will see w
You can see included features for each floor plan’s downloadable brochure.
Included features vary based on the Collection of home you are choosing (Integrity, Elements or Traditions).
Your new Allen Edwin Home includes a 1/2/10 year warranty.
- One (1) year warranty under our New Home Performance Guidelines
- One (1) year warranty on your home’s mechanicals* in Michigan
- 10 year structural warranty through Residential Warranty Company:
1. Click here for the Michigan Residential Warranty Company 10 year warranty.
2. Click here for the Indiana Residential Warranty Company 10 year warranty.
2. Click here for the Ohio Residential Warranty Company 10 year warranty.
*Indiana has a two (2) year warrant on mechanical systems.
Great question: Depending on the community, the homeowner MAY be responsible for installation of landscaping. Contact a sales counselor for specific community included features.
Yes, we love real estate agents and REALTORs®!
Your agent will want to register you PRIOR to scheduling your first visit. We pay a buyer’s agent up to 3% of a buyer’s agency agreement, per the commission you agreed to with your buyer’s agent/broker on the buyer agency agreement. See sales counselor for more information.
You do not. Our sales counselors will walk you through the entire process of purchasing, financing, and building of your home. We are a firm price, full price builder so there is no “negotiating” or “offers”
No worries! We have trained Design Consultants who will work with you and your budget to design a home just for you!
We have a 4,600 sq. ft. Design Studio equipped with the latest in today’s trends and brand names you know, love, and trust.
Depending on your time frame, we always have approximately 100 quick occupancy homes (homes ready to close within 60 days) at all times.
If you are looking to build from scratch, we will quote you a build timeline at time of purchase agreement to give you peace of mind and to help plan for your move and your new home.
See sales counselor for the current build timelines or browse move-in ready homes for a list of homes in the area of your search if you need something sooner.
