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Discover the latest new home constructions in DFW and take advantage of the builder incentives that are available now.
Refind Realty Blog:
by Steve
Building a new home sounds exciting—until you realize you might be stuck paying two mortgages. One on the home you live in. Another on the one still under construction. That financial squeeze keeps a lot of buyers on the sidelines.
The good news? You have options. With the right timing, financing strategy, and prep, you can build your dream home in Dallas-Fort Worth without carrying two mortgages at once.
This guide breaks it all down—without the jargon.
If you’re looking to build new in Dallas-Fort Worth, these communities offer strong inventory, flexible builders, and resale-friendly timelines:
Master-planned communities like Devonshire and Gateway Parks offer great schools, walking trails, and builder incentives that help you time your sale.
Known for its growing builder presence (Perry, Highland, M/I Homes), Celina allows more flexible closing dates—ideal when selling your current home first.
Offers high resale demand and newer developments with builder-backed financing partners. Great if you're leveraging a construction-to-permanent loan.
Explore new construction options here: Dallas-Fort Worth New Construction Homes
With high demand and low resale inventory, more buyers are building instead of buying existing homes.
2025 DFW Stats (Redfin + CoreLogic):
New construction closings up 24% YoY
32% of buyers delayed building due to “fear of carrying two mortgages”
Average time to build: 6.8 months
Median home price: $449,000
Mortgage rates: Hovering around 6.25% – 6.75%
“Most people think double mortgages are unavoidable when building. They’re not. You just need the right loan structure and sale timeline.”
— Jason Fuller, Mortgage Consultant, Dallas
Cost Type Avg. Monthly Amount Avoidable? Existing Mortgage $2,100 Construction Loan Payment $1,700 Temporary Housing $1,400 Property Taxes (on both) $600
You don’t want to juggle that. Here's how to not end up here.
Top Dallas builders often offer more flexible closing options, rent-back programs, and on-site lenders with specialized products.
Offers extended move-in dates, which can give you time to sell before your first construction payment hits.
Known for their flexibility and experience with buyers using construction-to-permanent (C2P) loans.
Some communities offer 90- to 180-day closing windows, letting you sell first with breathing room.
Pro Tip: Download this New Construction Home Guide before you sign a contract—it helps you map your timeline right.
Here are the top ways to avoid the double mortgage trap when building new:
This loan uses the equity in your current home to fund the down payment on your new build—without selling first. You repay it after your current home sells.
When it works best:
You’re in a hot market with high resale demand
Your current mortgage is nearly paid off
Learn about your selling options here
This loan funds construction and then converts into a traditional mortgage once the home is complete. You only pay interest during the build.
When it works best:
You’re keeping your existing home until move-in
You want one closing and one set of fees
Start here: Get Pre-Approved
Sell your home now, but lease it from the new owner for 60–90 days while your new home finishes.
When it works best:
You need a flexible transition
You want to unlock your equity now
Calculate your home’s readiness: Home Seller Score
Many builders offer:
Closing cost coverage
Delayed first payment options
Temporary interest rate buydowns
Ask what’s available. It can cover part of your overlap expenses.
Join the New Construction Webinar to learn how these incentives work.
Avoiding the double mortgage comes down to three things:
Right financing (C2P or bridge loan)
Right timing (sell before you close)
Right builder (with incentives and flexibility)
You don’t need to be stressed while building. Plan early. Work with a pro. And always ask about your options.
Download the Lone Star Living App now
Use the New Construction Guide
Save money with the Rebate Program
You're Always Home With Refind Realty!
Yes. With the right financing and sale strategy, you can avoid or minimize overlapping payments.
If you need equity for your next down payment, yes. But use a leaseback or temporary housing plan so you’re not homeless during construction.
It’s a mortgage that funds your build and automatically becomes your permanent mortgage after completion—only one closing and interest-only payments during the build.
If you plan it right—you won’t. A leaseback, bridge loan, or builder incentive can remove the overlap entirely.
Sometimes, yes. If you can stay with family or rent affordably, it can save thousands compared to carrying two full mortgage payments.
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I used this realtor and it was a great experience. He was patient and very helpful with our journey. He also helped us find a great lender with little hassle on the process, also got us approved for well above the market of our original home so we were able to get more house with a lower mortgage rate. So to anyone who is interested in buying a home take my advice give Steven a call. It’s worth it 😁
Steve was absolutely amazing! Everything was easy! Very professional in all aspects. Punctual, responsive, and diligent. He goes above and beyond to ensure you get to see as many homes as you’d like no matter the location. Not only was he knowledgeable about home buying, he also has a resourceful network for new home owner needs. I recommend Refind Realty to everyone!
I definitely recommend Steven to assist with your home buying needs. As a first time home buyer the process can be overwhelming, but as my realtor he was knowledgeable & patient while addressing my concerns and assisting me with my new home purchase. Thanks again Steven!! :-)
When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.
When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.
There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:
1 - Government-backed loans (FHA, VA and USDA):
(a) - Are, unsurprisingly, backed by the government.
(b) - Include FHA loans, VA loans, and USDA loans.
(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.
2 - Conventional loans
(a) - Are not backed by the government.
(b) - Include conforming and non-conforming loans (such as jumbo loans).
(c) - Make up more than 60 percent of the loans generated in the U.S. each year.
1 - FHA LOANS:
FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.
FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.
Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.
2 - VA LOANS:
VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.
Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.
3 - USDA LOANS:
You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.
Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.
Conventional loans are divided into two types: Conforming loans and non-conforming loans.
1 - CONFORMING LOANS:
Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.
The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.
Properties with more than one unit have higher limits.
2 - NON-CONFORMING (JUMBO) LOANS:
But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.
Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.
Rate types: Fixed-rate vs. adjustable-rate mortgages.
In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.
An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.
Office 1229 E. Pleasant Run Ste 224, DeSoto TX 75115
Call :(713) 505-2280
Email: [email protected]
Site: www.stevenjthomas.com
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