New construction.
A clearer way in.

A model home tells one part of the story. The contract, the loan estimate and the property’s ongoing costs complete the picture.

Whether you are exploring a new neighborhood in the Tri-Valley, the Peninsula or the San Joaquin Valley, compare the actual home and written financing terms before making a decision.

01. What does the incentive really change?

Ask for the incentive in writing: its amount, permitted uses, expiration and conditions. A credit toward closing costs, a temporary rate buydown and a price reduction affect your finances differently. Ask what happens if you choose another lender or the transaction does not close on schedule. A credit can be valuable, but its full economics depend on the price, rate, fees and your plans.

02. Are the loan offers comparable?

Request Loan Estimates for the same loan amount, term and type, as close together in time as possible. Compare interest rate, points, lender credits, origination charges, monthly principal and interest, and cash to close. Taxes and insurance can vary as estimates; a lower estimate does not necessarily make the loan cheaper. The CFPB’s comparison guide explains which items to review.

03. What is the payment after the introductory period?

A temporary buydown may reduce payments for an initial period before the scheduled payment rises. Ask who funds it, what happens to unused funds and which payment the lender uses for qualification. Budget for the later payment without assuming a refinance will be available.

04. What belongs in the ownership budget?

Ask for an estimate based on the property’s expected assessed value, applicable tax rates and any special assessments. Confirm association dues, insurance, maintenance and utilities. Early estimates and a prior tax bill may not reflect the finished home. A change in ownership or completed construction can also trigger a supplemental assessment and an additional bill. Your tax authority, insurer and association can help verify the details for the actual address.

05. What if the build or closing date changes?

Ask the builder what is estimated, what is contractual and how delays are handled. Discuss rate-lock duration, extension costs, loan-document updates, deposits and your moving or sale timeline with the relevant professionals. Keep a plan for temporary housing or overlapping costs if timing changes.

06. What is included in the home?

Clarify which finishes, landscaping, solar equipment and appliances are included, leased or optional. Ask about inspection access, warranties, completion items and any association documents. Have your agent, inspector and appropriate legal or tax advisers review questions within their expertise.

Sources checked October 29, 2026. Educational information only, not a rate quote, commitment to lend, legal advice or tax advice.

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