Give every buyer the same clear path from first conversation to move-in.
Builders sell more homes when buyers know how the financing works before they sign. This page explains how a builder can set up a repeatable process with Ken Clark Jr. and PRMG programs so buyers who need construction financing get prequalified, documented, and closed on a predictable timeline.
Short answer: it is a set of habits, not a separate loan program. The buyer still uses a standard PRMG program and still has to qualify, but the builder handles the pieces it controls the same way every time.
Most delays on construction loans come from missing builder documents, budgets that do not match the contract, and buyers who were never prequalified. A repeatable process fixes those three problems. Buyers who choose to work with Ken are always free to choose any lender; the goal is simply to make the path clear.
Short answer: because the contract price has to fit what the buyer qualifies for under the program they will use.
A short prequalification conversation covers credit, income, assets, down payment, and which program may fit, such as FHA, VA, USDA, or conventional one-time close. Credit minimums commonly start around 620 on FHA and VA one-time close with an automated underwriting finding, and around 650 on USDA, with higher minimums for manufactured homes, depending on program guidelines. Hand buyers the Homebuyer Financing Checklist so they arrive prepared.
Short answer: because it is commonly completed once and reused, so each new buyer file can move to closing without waiting on builder documents.
Keep license and insurance certificates current and send renewals as soon as you get them. The Builder Registration Checklist lists what is commonly requested.
Builder registration is a documentation review for program eligibility. It is not an endorsement, recommendation, or guarantee of any builder's work.
Short answer: a fixed-price, turnkey contract paired with a line-item budget that includes a contingency line and matches the plans and specifications.
Using the same format for every buyer makes the appraisal and draw schedule easier to prepare. Appraisals are based on the plans, specifications, and contract. See construction loan appraisals.
Short answer: buyers should know that funds are released in stages after inspection, that construction commonly runs about 9 months on government one-time close, and that change orders are typically paid out of pocket.
Walk buyers through the draw process at contract signing. From application to closing commonly takes about 60 to 75 days or more, because the builder documents, plans, and appraisal all have to come together.
| Buyer stage | What the builder can do |
|---|---|
| Before contract | Send buyer to prequalify |
| Contract signed | Deliver contract, plans, specs, and line-item budget |
| Underwriting | Confirm registration and insurance are current |
| Closing | Confirm permits (required before closing in California) |
| Construction | Submit clean draw requests with lien waivers |
| Completion | Deliver certificate of occupancy and final waivers |
Short answer: it does not create a special loan, discount, or guarantee. Buyers use standard PRMG programs and are subject to underwriting.
Builders should not promise buyers a rate, a loan decision, or a program. For the builder's own spec, model, or investment projects, see builder construction loans, which are business-purpose PRMG programs separate from the buyer's loan.
Where available: PRMG programs are available in every state where PRMG is licensed, which is all states except New York, including California and New Jersey, subject to eligibility and program guidelines. In California, permits are typically required before a one-time close loan closes.
Answered by Ken Clark Jr., Certified Mortgage Advisor. Program availability and requirements vary and are subject to change.
No. It is a repeatable process. Buyers use standard PRMG programs and must qualify under program guidelines.
No. Buyers are always free to choose their lender.
FHA, VA, USDA, and conventional one-time close PRMG programs, depending on eligibility and property type.
So the contract price fits what the buyer can qualify for under the program they will use.
Commonly no. Builder registration is typically completed once and reused while documents stay current.
A line-item budget that matches the fixed-price contract, plans, and specifications, including a contingency line.
On FHA and VA one-time close, in most cases the builder pays it and builds it into the contract price.
Commonly about 60 to 75 days or more from application.
No. See builder construction loans for business-purpose options.
Yes, in every state where PRMG is licensed, which is all states except New York.
Guidelines change. Verify current program requirements with Ken Clark Jr. before relying on them for a transaction.
Disclaimer: This content is for educational purposes only and is not a commitment to lend, a guarantee of approval, or a rate quote. Loan programs, down payment requirements, terms, and eligibility depend on borrower, property, project, builder, and program qualifications, are subject to underwriting, and vary by state. Not all applicants or projects will qualify. Builder registration is a documentation review for program eligibility and is not an endorsement of any builder. Equal Housing Opportunity. Paramount Residential Mortgage Group, Inc. (PRMG), NMLS #75243. Ken Clark Jr., NMLS #225375. PRMG is licensed in 49 states, excluding New York.
Certified Mortgage Advisor and Branch Manager at PRMG Mortgage (NMLS #75243). 28 years in mortgage lending. Specializes in FHA, VA, conventional, DPA, jumbo, Non-QM, renovation, and construction financing for buyers and investors in Sacramento, New Jersey, and nationwide. PRMG is licensed in 49 states, excluding New York. Three-time Gold Award winner for Highly Reviewed Mortgage Team in Sacramento (2023, 2024, 2025). NMLS #225375.
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