Whether you're buying your first home or a vacation getaway, you're bound to do at least some financing. But finding out how much home you can afford is more than simply knowing your gross income and your credit history. There are a number of other important factors that can affect your ability to afford your new home. Smith Mountain Lake Homes helps you through the process step by step.

Smith Mountain Homes is associated with financing specialists that will develop a successful financial plan almost guaranteed to put you in the home of your dreams. We offer some of the most flexible financing programs available to homebuyers. Our personal credit counselors will walk you through the entire process of financing your new home.

We can help you determine not only how much home you can afford, but also map out the financing options that are right for your budget. For example: our financial advisors can help you decide if a fixed or adjustable rate is right for you, they'll figure out the monthly mortgage payment that fits your income, and discuss paying for "points" at the closing table. They can also explain the advantages and disadvantages of making a higher down payment versus no down payment and offer relaxed credit qualifications for homebuyers in difficult financial situations. They even offer interest-only loans at low rates, an option which is becoming increasingly attractive due to the double-digit appreciation at the lake.

Here are just some of the many more financing options we provide as part of our home financing services:

• 100% Financing
• $0 Down $0 Closing
• Bridge financing while you sell your current home
• Interest-only loans below prime rate
• House and Boat packages
• 7 Day Closing available
• $0 out-of-pocket programs
• 100% Loan to Value, no income verify
• Much more! Contact us today

Smith Mountain Homes is offering a new program to those who wish to purchase a lot and build a home. This program provides for 100% financing for the purchase of the lot as well as the construction of the home and dock. The unique feature of this program is that it allows the purchaser to make NO PAYMENTS until the home is complete, approximately one year later, when the program provides a permanent fixed or variable loan. This program also offers a coaching program to allow the owner to be or effectively manage a general contractor, potentially saving tens of thousands of dollars and assuring a top quality home. Call Smith Mountain Homes for more information.