1st Signature Lending, LLC Named “2023 Single Close Construction Champion” by USDA
1st Signature Lending, LLC is giving homebuyers the option to build their home in a housing market where existing homes are hard to come by.
INDIANAPOLIS, IN July. 31, 2023 – 1st Signature Lending LLC, leaders in Residential New Construction Mortgages, was presented two awards in June by the United States Department of Agriculture (USDA) at the USDA SFH Guaranteed Lender Awards Ceremony. The two awards they received were “USDA 2023 Single Close Construction Champion” and “USDA 2023 Manufactured Housing Origination Champion”. 1st Signature continues to gain traction as New Construction’s premier lender as they expand to new states throughout the country. Homebuying hopefuls in 2023 are left to consider their priorities more closely as they try to balance budget, customizability, and availability of existing homes, or perhaps building a new home.
The mortgage industry enjoyed record low interest rates through the COVID-19 pandemic, causing a massive housing boom through 2021. But 2022 told a different story with interest rates stabilizing back to what was long considered “the norm”. In 2023, almost everyone has already refinanced their mortgage loans or bought a home while the housing market was hot and interest rates were low. Current homeowners don’t want to lose their record-setting interest rate and are resistant to sell. CNN Business reports that the United States is short 6.5 million homes. (Bahney, 2023) Housing inventory challenges have left many homebuyers struggling to find a house in their budget that meets their needs.
1st Signature Lending solves for inventory problems by lending money to create new inventory. They partner with residential builders in 18 states as of right now, and are poised to expand to more states in the future. The USDA’s recognition of 1st Signature is monumental for its growth, and these two awards are going to be used to raise awareness to the solution that it offers to the inventory crisis. Mike Johnson, Founder and Owner of 1st Signature Lending, LLC, had this to say.
“With Millennials and Gen-Z coming to homebuying age, there are simply not enough homes to go around for this younger generation. There are countless benefits to be had by owning your home that Americans have enjoyed for so long. While renting can have its benefits, many younger folks can’t even afford the choice because there are few houses available in their budget.”
There are endless considerations to make when you’re looking for housing. Building a new home is an extremely viable solution to an unforgiving housing market. For more information, get in touch with the award-winning folks at 1st Signature Lending by visiting their website at www.1stsignaturelending.com, or calling them at (317) 815-6060.
About 1st Signature Lending, LLC
1st Signature Lending is dedicated to providing the highest quality of service to every customer and builder it works with. Pioneers to One-Time Close Construction Mortgages, 1st Signature Lending seeks to evolve what it means to be a homeowner. Our build partners are highly vetted to ensure that you are fully satisfied with your brand-new home. They build the home, we build the mortgage®.
For more information, you can visit https://1stsignaturelending.com/build/ or call us at (317) 815-6060.