Our realtor
Colleen Hatami
Associate Broker, McColly Real Estate
Residential specialist
Colleen is SPK's realtor for the Fernway Road homes. Call her to see a home, ask about open lots, or get help selling the home you're in now.
Financing and partners
Paying for a new home, step by step.
We work with a local lender and a real estate broker who know how SPK builds. Talk to them early and you'll know your budget before you pick a plan.
How a construction loan works
Building on your own land usually means a construction loan. Buying a finished Fernway home can use a regular mortgage. Your lender will tell you which fits.
- 1
Pre-approval
Talk to a lender to find out what you can borrow. If you're building on land you buy, the lot can often be rolled into the loan.
- 2
Draws during the build
The bank releases money in stages as Shawn finishes each part of the house. You usually pay interest only on what has been drawn.
- 3
Your regular mortgage
After the final inspection, the construction loan turns into a standard 15- or 30-year mortgage.
Our partners
Our lender
Rich Brewer
VP / Banking Center Manager, DeMotte State Bank
NMLS# 1446903
Rich handles construction loans, FHA and conventional mortgages, and lot financing across Northwest Indiana, and he coordinates the draws on SPK builds.
You are free to use any lender or agent you like.
Questions about paying for your build?
Tell us what you're thinking about and Shawn will call you back.