Frequently Asked Questions
The first step in the Build On Your Land process is to find land that best suits you and make sure it is in your name- your lender will require it! Keep in mind, the more land improvements the land already has, (water, power, clearing) the more money it can save you down the road!
In order to determine your total cost to build you’ll need to know the base price of your desired home-plan, land improvement costs specific to your land and the upgrades you’d like to add onto the home.
We have 16 home plans to choose from, each with its own base price. Establishing which plan will best suit you and your family is a good starting point.
Next you’ll want to consider land improvement costs. Land improvement costs are the biggest variable when pricing your home, as each piece of land is unique. Topography and soil conditions are generally the major cost factors. Flat land is less expensive for construction than steep land. Sandy soil is less expensive than other soils for septic systems. The cost/availability of power and water add additional costs, in that the further distance from existing power, the increase in cost, and the deeper you have to dig for a well water will increase cost. Cleared land is less expensive for construction than treed land. Building a road and/ or construction entrance will impact cost based on length and difficulty.
Next you’ll want to consider upgrades you would like to add onto the home. With Build On Your Land, we offer standard included features and give you the option to add on additional upgrades. This allows you more flexibility to personalize your home with your chosen features.
Once you’ve decided which plan you’re interested in building, we’ve evaluated your land and you’ve selected your upgrades, we are able to provide you your custom estimate. You can also try our Estimate Tools to get an idea of what it might cost to Build On Your Land.
If you’re interested in obtaining your custom estimate, the best way to do so is to schedule an appointment with our Build On Your Land team today at 706-538-4880!
If you are interested in touring one of our homes, schedule an appointment with us and we would be happy to tour one with you!
Yes, you can personalize your plan so long as the structural integrity of the home is not compromised.
We currently do not build custom home plans but have plenty of Keystone features that can be added onto the home plan of your choice to make it the perfect home for you!
You can opt for all included features or you can choose to add on upgrades, your choice! Your upgrade options can include but are not limited to: hardwoods, stone accents, granite countertops, a rear covered porch, gradual arches, and judges paneling, among many other options. Don't worry, you don't have to decide now, you won't make your final selections until your scheduled Design Studio Appointment.
We have MLS land listings in the areas we build here, if you need assistance locating land, give us a call and we will help you in any way we can!
In order to determine your total cost to build you’ll need to know the base price of your desired home-plan, land improvement costs specific to your land and the upgrades you’d like to add onto the home.
We have 16 home plans to choose from, each with its own base price. Establishing which plan will best suit you and your family is a good starting point.
Next you’ll want to consider land improvement costs. Land improvement costs are the biggest variable when pricing your home, as each piece of land is unique. Topography and soil conditions are generally the major cost factors. Flat land is less expensive for construction than steep land. Sandy soil is less expensive than other soils for septic systems. The cost/availability of power and water add additional costs, in that the further distance from existing power, the increase in cost, and the deeper you have to dig for a well water will increase cost. Cleared land is less expensive for construction than treed land. Building a road and/ or construction entrance will impact cost based on length and difficulty.
Then you’ll want to consider upgrades you would like to add onto the home. With Build On Your Land, we offer standard included features and give you the option to add on additional upgrades. This allows you more flexibility to personalize your home with your chosen features.
Once you’ve decided which plan you’re interested in building, we’ve evaluated your land and you’ve selected your upgrades, we are able to provide you your custom estimate. You can also try our Estimate Tools to get an idea of what it might cost you to Build On Your Land.
If you’re interested in obtaining your custom estimate, the best way to do so is to schedule an appointment with our Build On Your Land team today at 706-538-4880!
We do not offer in-house financing, however, we can put you in touch with one of our suggested lenders who offer financing while we assist you in any way possible throughout the lending process.
The below is a standard list of documents lenders may require, however, requirements may vary per lender. You will need the last 2 years of W-2s and pay stubs to cover the most recent consecutive 30 days.
1. Landlords’ addresses and residents’ addresses to cover past 2 years
2. Names and addresses of each employer over the past 2 years
3. Names, addresses, account numbers, and balances of all checking and savings accounts
4. 2 months of bank statements (all pages) on all accounts
5. Names, addresses, account numbers, balances, and monthly payments of all open loans
6. Check for credit report, appraisal, and fund certificate
7. Certification of Eligibility and DD214s (VA only)
8. Picture ID and Social Security Card
9. Note: If self employed, please also bring last 2 years’ worth of tax returns, Personal/Business with all schedules, K1s, YTD, P&L, and balance sheets.
Do not send lender documents to Keystone as these should be provided to your lender directly.
In order to build on your own land with Keystone, you will need to gain approval for a Construction loan that you will eventually turn into a Permanent loan or you can opt for a Construction to Permanent loan, where all is processed at one time with one loan closing.
From loan closing to construction completion, you will be responsible for making interest only payments. Once construction is complete, you will begin paying principal and interest loan payments. Depending on your loan type, sometimes your home insurance, mortgage insurance premium and property taxes are included in your payment.
Keystone does not require a deposit but your lender may. Your lender may require cash or allow you to use the equity you have in your land instead, but the requirements may vary from lender to lender. Contact a lender for more information.
When a construction loan is converting to a permanent loan, there are no standard closing costs but rather a modification of the construction loan to the permanent loan. The only additional loan costs you are responsible for are the funds you will need to set up escrows for your taxes and insurance.
There is no private mortgage insurance (PMI) when setting up the Construction to Permanent loan, however, there may be at the end, if you are not at 80% loan to value ratio. Keep in mind, there are options up to 95% without PMI.
Loan to value ratio is a term often used by lenders that refers to the ratio of a loan to the value of the asset purchased. In this case, the asset purchased is your home and loan.
Assuming you are within our build range and you are eligible for Build On Your Land, your price may vary by location because of jurisdictional code variations and requirements.
Draws are advances on your construction loan to pay the contractor.
Typically, there are 4-6 "draws" throughout the construction of your new home.
Mortgage rate lock float down is a mortgage rate lock that has the option to reduce the interest rate if the market interest rate drops during the lock period. This allows the borrower to take advantage of better interest rates while the mortgage application is still processing.
You can read more about rate lock options here.
Yes, you can opt to use a standard VA loan offered by most lenders, with 20% down, or you can choose to use 1stSignature lending for 0% down and finance 100% of your purchase.
The entire process can take anywhere from 6 to 9 months, with 3 to 4 of those months being the actual construciton of the home. You can learn more about our BOYL process here.
If you are interested in Build On Your Land but you’re not sure if we build in your area, feel free to reach out to a BOYL representative for more information.
If you are a Keystone homeowner, trade partner or vender and you have a friend or family member who you think would be interested in building on their own land, be sure to refer them to us and earn $ for your referral!
Learn more about our Referral Policy to claim your referral benefits!
With your home purchase, we offer a Quality Builders Warranty, which offers a one-year workmanship, two-year systems and 10-year structural warranty. Quality Builders Warranty is backed by Liberty Mutual and has been around for more than 30 years.