Financing Programs

Banner Program.  The banner program is designed for less than perfect credit.  A minimum of a 575 credit score or no score at all is required for this program.  (ask us for the details)

Convention Home Only Loans. All Cumberland new homes qualify for all conventional programs.

FHA LAND/HOME Loans. The Federal Housing Authority (FHA) has the primary responsibility for administering the government home loan insurance program. This program is designed to help first time home buyers or limited credit qualify for a loan when a conventional loan program does not meet their current needs.

Land and Home Loan. This type of loan allows you to finance your land and the home in a single payment. The land can be land you propose to purchase or land you already have under contract.

Land-In-Lieu.. This type of loan allows you to use equity you may have in your land instead of using cash for a down payment. Cash along with land can be used if you wish.  

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Cumberland Homes does not offer in-house financing and makes no decisions on credit worthiness or interest rates the lending institutions will make all the decisions on home loans.