New Construction & Builders
The standard warranty most builders provide on workmanship and materials.
What is a 1‑year builder warranty?
The inspection that evaluates roof, HVAC, electrical, and plumbing systems.
What is a 4‑point inspection?
The minimum down payment required for an FHA loan.
What is 3.5 percent?
The minimum credit score needed for most FHA loans.
What is 580?
The money a buyer deposits to show they are serious about purchasing.
What is earnest money?
The type of inspection recommended even for a brand‑new home.
What is a home inspection?
The inspection required for insurance purposes in Florida.
What is a wind mitigation inspection?
The meaning of the lending acronym “DTI.”
What is debt‑to‑income ratio?
The term for checking your credit score without affecting it.
What is a soft pull?
The period during which a buyer can inspect the home and negotiate repairs.
What is the inspection period?
The term for upgrades a buyer selects during the builder’s design appointment.
What are design center upgrades?
The term for issues found during inspection that a buyer may ask the seller to fix.
What are repair requests?
The loan type requiring no down payment for eligible military buyers.
What is a VA loan?
The factor that makes up the largest percentage of your credit score.
What is payment history?
The document that transfers ownership from seller to buyer.
What is the deed?
The typical timeframe for completing a new construction home once ground breaks.
What is 6 to 12 months?
The tool inspectors use to detect moisture behind walls.
What is a moisture meter?
The fee lenders charge to secure an interest rate.
What is a rate‑lock fee?
The ratio of your credit card balance to your credit limit.
What is credit utilization?
The lender’s estimate of a home’s value.
What is an appraisal?
The document outlining a builder’s included features, materials, and finishes.
What is a builder’s spec sheet?
The inspection that checks for structural issues under the home.
What is a foundation inspection?
The final lender review before issuing a clear‑to‑close.
What is underwriting?
The process of removing incorrect or outdated items from a credit report.
What is a credit dispute?
The final meeting where documents are signed and ownership officially transfers.
What is closing?