Mortgage Terms

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KS85415There are many terms used in the home buying and mortgage industries that many people may not be familiar with. Here are a few that will surely come up in talking to your lender.
An appraisal is an estimate of the fair market value of your home. Appraisals will actually help the builder, the lender and the buyer in determining that the sales price is consistent with the actual value. An appraiser inspects the house, or house plans and specifications, along with the neighborhood, and comes up with an estimated value based on the price of comparable homes in the area. The cost for an appraisal is fairly inexpensive and is usually passed on to the buyer.
A credit report is a report obtained by the lender in order to determine the risk for them in lending money for a mortgage. There will be a fee for the credit report and the buyer usually pays this cost.
Now, the Earnest Money is a deposit paid to the builder that is selling you your home to show that you are a serious buyer. Your receipt for this deposit is called a binder. The earnest money is then applied to your down payment in the purchase of your new home. If for some reason you are not able to obtain financing for your purchase, then the earnest money is returned to you, minus expenses for processing. Be sure that you understand the refund procedures before you make a deposit.
The term Escrow involves a third party, usually a Title Company, that will hold funds until you and the seller complete the sales transaction. During construction, and depending on your loan, of your home, you may be asked to make monthly payments into an escrow account that can be used to pay taxes, insurance, and any other assessments that may become due.
Most of the time, escrow agent and Title Company will handle the closing. Rather than you and the lender meeting to sign all of the documents and transfer money, the agent works with you and the lender separately to ensure that everything is done properly. Once again, a fee is required for this service.
The Loan Origination Fee is a fee charged by the lender for the cost of processing a loan and it is usually a percentage of the loan amount.
The largest cost of your loan may be the “points” your lender requires you to pay at closing. A point is one percent on your loan amount, so if you are borrowing $100,000, you will pay $1000 for every point due. The good thing is that points are tax deductible if they are paid separately and not deducted from the loan amount. For VA loans, you can be charged up to one point, while the number of points charged for an FHA or conventional loan can be higher.
Your lender may also charge you “Points” on your loan although each point you pay will help reduce your interest rate by about 1/8 of one percent. Your Annual Percentage Rate (APR) will be calculated on the basis of the total life of the loan. So, if you get a 30 year loan for your home, your APR will be based on a 30-year composite figure, while a 15 year loan will be based on a 15 year composite figure. Everyone is different and everyone’s circumstances are different, which is why every home buyer has to decide what type of loan suits them best.

Home Plans for Florida Living

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American Housing Builders II, Inc. is constantly designing new floor plans and improving existing floor plans so you can find exactly the right new home for you and your family.
KS85395At AHB II, you will find floor plans with indoor and outdoor living spaces, generous sized master suites, functional bathrooms and open kitchens that offer you, your family and your guests a warm and comfortable place to gather, relax and to cook a large meal.
One of the nicest features we provide is the opportunity for you to meet with our design team and make changes throughout the home to better suit your family’s needs and lifestyle.
We have many different and designs of homes for any size family. So, whether you are retired, just starting out or with school aged children, our homes are designed to reflect all aspects of family life.
Our homes feature stucco exterior walls, hip roofs, a covered entry, vinyl windows, 30 year dimensional shingle roof and fiberglass exterior doors.
Our homes also feature many energy saving “green” features such as low-e thermal windows, “Energy Star” heat pumps, “Energy Star” dishwasher, R-30 ceiling insulation and much, much more.
For more information, you can call us at 727-546-6611 or simply go to the “Contact Us” page of this website.

Open Doors & Missed Opportunities

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During a person’s lifetime, open doors of opportunity are not always readily available. When a door does open, one must be ready to reach out and grab onto that opportunity while it presents itself.
KS85408I think you will agree that each of us has missed at least one golden opportunity in our lifetime because we feared the unknown of what might lie beyond that open door. It is sometimes this fear of the unknown that keeps us from reaching our true potential as individuals regarding our personal growth and our financial growth.
Right now the dream of owning your own home has never been better. Interest rates are truly at historic lows and the housing market is making a great comeback. At American Housing Builders II, Inc., it is our desire to assist you through that “open door of opportunity” so that you and your family can achieve the American dream of owning your own home. American Housing is “Building the American Dream One Home at a Time.”
As you know, when that door of opportunity does open, it does not always remain open for long. At some point, that chance will close and that door will shut for good. Those who have the courage to walk through that open door will reap the benefits, while those who are fearful or skeptical, may regret missing that golden opportunity of owning their own home. The time is always now to buy a new home because homes will continue to rise in construction costs making it more and more difficult to own, while on the other hand, the value after you purchase that new home will also continue to rise.
Well, that dream can still come true and we are here to help you make it happen. American Housing has been building new homes in Pinellas County and the Tampa Bay area for over twenty years and has earned a reputation for quality, innovation and integrity in the community. You can contact us at 727-546-6611, go to the “Contact Us” page of our website, or simply stop in at 7195 66th Street N. in Pinellas Park, Florida 33781.

Multi-generational Family homes St Petersburg FL

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“Multi-generational Family homes” are here to stay! There is a “not so new” concept emerging in the housing industry today as the market improves and living costs continue to increase. The idea is more of a “Walton” type family arrangement designed to appeal to a larger, multi-generational families rather than the typical mom, dad and children type home.Multigenerational Families

The modern day family sometimes consists of parents who have moved in with their children, or children who have moved back in with their parents. In fact, in today’s world, homes may even consist of grandparents or grandchildren moving in with other members of their extended family.

Builders and remodelers are already supporting this new trend in home building.

New home builders in Pinellas County are offering homes with two master bedrooms, as well as dens and family rooms that can be converted to bedrooms and bathrooms on the first floor of the home, as well as flexible spaces that can change with a family needs. New home builders are also offering new design features, like wider hallways and doors and floor plans with no steps that work well for baby strollers and wheelchairs.

American Housing Builders is working on plans for Multigenerational Families.

This new concept is really two houses in one: The main house has three or four bedrooms, with an attached unit with its own kitchen, bedrooms, living space and garage. These are perfect for aging parents. These new areas are about 1/4th the size of the main house with an adjoining door can be left open or closed to have one home or two homes in one.

There is no typical family scenario anymore. Good night daddy, good night Mary Ellen and good night John-Boy.

American Housing Builders is located at 7195 66thStreet North, Pinellas Park, FL 33781 and you can contact us for more information by emailing us at or calling us at 727-546-6611.


American Housing Builders Blog

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Welcome to American Housing Builders Blog! We’ll keep you up to date with the latest construction news from Pinellas County and the Country. We’ll also give you all kinds of useful information if you’re buying a new home or you’re interested in building a new home.

We offer both options; we’ll build your plan or one of our beautiful custom floor plans.

We’ll build on your lot or you can select from one of our great building lots in Pinellas or Hillsborough Counties. Thanks for stopping by, we look forward to hearing from you. Beautiful new home

New homes in St. Petersburg are more popular than used homes. The main reason according to Neilson is that the new home buyers want the freedom of choosing where and what their new home will look like. They also want the new Green money and energy saving options that new homes offer. They also want to choose where they live.

When you buy an American Housing Builders new home our experienced designers will help guide you all the way so you get exactly what you want.

Choosing your finishes is whether it’s marble or tile floors, kitchen cabinets, granite counter-tops or gold faucets, we’ll build your exactly the way you want it finished. When you buy a used home there is always a list of sacrifices you’ll have to live with, but not with a new home built to your specifications.

American Housing Builders new homes are constructed with best and the newest materials and you made the choice, so you know you’re getting the most out of your home.

This has never been truer especially when it comes to the new advancements in energy efficient homes and we have set higher standards and exceeded the newest requirements in the home building industry.custom kitchen

New home buyers can now choose from a choice of green features like high-pressure, low-flow shower heads and faucets, dual-flush toilets and front loading washing machines which reduce both water and energy consumption

No matter what your needs, we can install and build movie rooms to luxury spas, and pools to your specifications. We build your plan or ours and on your lot or ours. We have beautiful lots available all over Pinellas County for you to choose from or we’ll build your plan or ours and we can customize your home all the way.home office

You can have Control over all options American Housing Builders gives you control customizing your new home. You’ll feel more connected to your new home than a resale home where you’ve made concessions. .

You benefit from Green Appliances the amount of money you save from having more energy-efficient appliances in your home will make owning your new home much easier.

New Home Incentives we always offer great incentives that will save you money and give you exactly what you want. Give us a call we’ll have some great incentives that will make living in your new home much more enjoyable.

New Home Financing American Housing Builders will introduce you to our preferred lenders for new homes, that we’ve developed great working relationships with. This will save you money!

As always thanks for stopping by American Housing Builders. We know you can choose any builder you like, but before you do let us show you why you’ll want to choose us. Thanks again…

We are located at 7195 66thStreet North, Pinellas Park, FL 33781 and you can contact us for more information by emailing us at or calling us at 727-546-6611.

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