Corp NMLS #3113 | Utah State License #5491140-MLCO | Salt Lake City, UT 
Utah New Construction Financing 
Home / Loan Programs / New Construction Financing
NEW CONSTRUCTION FINANCING PROGRAM OVERVIEW
Why build with Team 101? Simple. We’ve handled more new construction financing loans than any other company along the Wasatch Front and we get it right.
Construction financing goes through a very different process than a mortgage for an existing home. While the mortgage loan programs we employ are the same as ones as you would use when purchasing an existing home, the actual process for financing the construction of a new home is a very different world with many additional steps that many lenders do not understand.
That’s why we’ve been chosen by many Utah builders as their featured lender—because they know that they can trust Team 101 to pre-qualify their buyers in a timely fashion, work through financial obstacles, and close on time once their home has been built.
Let’s make the new home construction financing process as simple as possible for you!
CONSTRUCTION FINANCING LOAN OPTIONS
Click the graphics below for information on the loan programs offered by Team 101 for new home construction.
BUILD STEPS
Step 1:
Get Pre-Qualified
Step 2:
Choose Your Builder
Step 3:
Build Your Home
ELIGIBILITY
Both first-time and repeat homebuyers may qualify for new construction financing, provided that they, the property, and the purchase price meet the qualification guidelines for at least one of the following loan programs:
FEATURED BUILDERS
WHY USE A FEATURED LENDER?
- Featured Lender Incentives towards your closing costs (varies by builder—contact us for details).
You can get your keys the same day you sign your closing documents (varies by builder)! This may not seem like a big deal to you, but it can take 24-48 hours for you to receive your keys if you use a different lender. Who wants to wait to get the keys to their new home?!!
Stellar Customer Service! We are always here for you if you have questions along the way.
In general, your earnest money and construction deposit are non-refundable. However, we will issue an underwritten approval up-front. That means, when you pay your deposits and earnest money, you can be confident that you can close on your home when it’s ready.
We work with the builders and understand the whole process. We will make the transaction as smooth and seamless as possible.
Home / Loan Programs / New Construction Financing
NEW CONSTRUCTION FINANCING PROGRAM OVERVIEW
Why build with Team 101? Simple. We’ve handled more new construction financing loans than any other company along the Wasatch Front and we get it right.
Construction financing goes through a very different process than a mortgage for an existing home. While the mortgage loan programs we employ are the same as ones as you would use when purchasing an existing home, the actual process for financing the construction of a new home is a very different world with many additional steps that many lenders do not understand.
That’s why we’ve been chosen by many Utah builders as their featured lender—because they know that they can trust Team 101 to pre-qualify their buyers in a timely fashion, work through financial obstacles, and close on time once their home has been built.
Let’s make the new home construction financing process as simple as possible for you!
BUILD STEPS
Step 1:
Get Pre-Qualified
Step 2:
Choose Your Builder
Step 3:
Build Your Home
ELIGIBILITY
Both first-time and repeat homebuyers may qualify for new construction financing, provided that they, the property, and the purchase price meet the qualification guidelines for at least one of the following loan programs:
FEATURED BUILDERS
WHY USE A FEATURED LENDER?
- Featured Lender Incentives towards your closing costs (varies by builder—contact us for details).
You can get your keys the same day you sign your closing documents (varies by builder)! This may not seem like a big deal to you, but it can take 24-48 hours for you to receive your keys if you use a different lender. Who wants to wait to get the keys to their new home?!!
Stellar Customer Service! We are always here for you if you have questions along the way.
In general, your earnest money and construction deposit are non-refundable. However, we will issue an underwritten approval up-front. That means, when you pay your deposits and earnest money, you can be confident that you can close on your home when it’s ready.
We work with the builders and understand the whole process. We will make the transaction as smooth and seamless as possible.
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Success Stories
ABOUT ACADEMY MORTGAGE TEAM 101 
Collaboration is the key to homeownership
We have the distinct advantage of having our entire team under one roof (loan officers, processors, underwriters, & closers). This allows us to move your loan smoothly through the mortgage approval process.
Nobody knows Utah mortgages better than Team 101. We study local market conditions, pricing scenarios, and the multitude of Utah loan programs available—so you don’t have to.
Our modern technologies (online tools, mobile apps, eSign) along with a strong commitment to customer service, take the stress and hassle out of getting your home loan.
MEET OUR LOAN OFFICERS
It is incredibly important to me that you have a great experience, so we’ve made superior customer service our highest priority at Team 101. We want you to feel confident that you have chosen to work with the best team in the industry, and we’ll work hard to fulfill the commitments we make to you.
JEFF MORGAN, BRANCH MANAGER | NMLS #256029If you choose me as your mortgage professional, you will get a hard worker who is determined to find the right loan option for your unique situation. I consider it an honor to be part of such a major decision in your life, and I will repay the trust you put in me by making sure that our commitments to you are fulfilled.
ERIK ROBINSON, SALES MANAGER | NMLS #263807My team and I have over 25 years of mortgage experience, so you can count on us to find you the best financing option for your unique situation. I am disciplined, caring, and motivated—traits that I will employ to help you achieve your homeownership goals. Going the extra mile for each and every one of my clients is just part of the package.
DEIDRE KAY, LOAN OFFICER | NMLS #223591We’re “in it in a minute” until the end. With over 25 years in the mortgage industry in different capacities (loan officer, processor, underwriter, closer), I know exactly what it takes to get a speedy approval and take your loan from A to Z with the least amount of stress. I live by the philosophy that if your clients are happy, you are happy.
TINA ZAK, LOAN OFFICER | NMLS #217728My business philosophy is simple: Let me save you…TIME…EFFORT…and FRUSTRATION! I will put my 20+ years of financial experience to work for you. What I love about working in the mortgage industry is helping people attain their dream of homeownership, and I’ve already helped over 800 families and individuals achieve their goal.
JEFF SAVAGE, LOAN OFFICER | NMLS #201909As a passionate and motivated individual, I especially enjoy working with first-time homebuyers and sharing in the excitement of purchasing a first home. In the ever-changing mortgage industry, it’s important that you choose someone that helps you navigate its complexities and educate you about different loan options.
AUSTIN KENT, LOAN OFFICER | NMLS #959895* Source: Academy Mortgage’s 3rd Quarter 2016 Customer Satisfaction Survey, with a sample size of 6,944 Responses
** Source: CoreLogic Marketrac Report for 2016, published in January 2017