Can you finance the land, well, septic, etc. with the loan package?

Yes, you can finance anything that pertains to the construction of

the home.  Some lenders will consolidate other loans with your

mortgage if you wish.

How much do I need upfront?

If you own your property and have enough equity in it - Nothing.

If you do not own your property you need to have at least 10%

of the total loan.  There are many variables that determine equity.

Your credit score and credit history play a huge role in determining your term and rate on your loan.

Do I need to pay my closing costs up front?

No, if the equity and LTV (Loan to Value) is in line you may finance these with your loan.

How long will the banks finance my mortgage?

10, 20 or 30 years.

Is this a construction loan and what does that mean?

Yes, this is a construction loan.  A construction loan simply means

that your contractors will be paid when their work is complete on

site.  It is not uncommon to take 5 draws on a loan, depending on the work that is being done.

Can I act as the General Contracotr or will Gary's Homes do this?

You may act as your own contractor or we will be glad to do it.

However, if you act as your own, keep in mind that copies of

Workmen's Comp and Liability Insurance are required.  When we

are the General Contractor, we will take care of setting up all work and scheduling everyone accordingly.