Step 1 — Reserve a Home Site
After you've identified the Ryan Homes community you'd like to live in, one of our sales representatives will prepare a cost estimate of the home type, home site, and features you're dreaming about. You'll fill out a few preliminary forms for your loan application, and make a “good faith” deposit to secure your home site.
A Smart Move
Working with a homebuilder requires research—after all, not all companies are created equal. During your search for homes, make sure you do your due diligence on any builder you might use. Check with the Better Business Bureau and ask for lots of references.
Step 2 — Personalize Your Home
Unlike a resale home, when you buy a new home, you can pick out all the special features that you really want. Working with the Ryan Homes team, you'll spend some time selecting all of the custom features—like flooring and landscaping—that work with your unique vision.
Step 3 — Complete a Purchase Agreement
You'll meet with a sales representative to authorize your purchase agreement and to make your initial deposit on your home. We'll return your home site reservation deposit, and in the event that you can't obtain a mortgage commitment according to the purchase agreement, we'll refund all your deposits.
Step 4 — Apply for a Mortgage Loan
Within seven days of signing your purchase agreement, you'll contact a mortgage counselor and complete a loan application. To make it easier, we have our own mortgage company, NVR Mortgage, that you can use, if you choose.
Step 5 — Complete Your Down Payment
Once the purchase agreement is complete, your sales representative will tell you when the remainder of your home-purchase deposit is due. This deposit, representing the balance of your down payment, is your final payment until closing.
Step 6 — Construction Begins
Once your down payment is complete, your mortgage is approved, and the home site is ready for us to build, we start construction. We’ll arrange a customer involvement meeting with your project manager and sales and marketing representative to familiarize you with the construction process and discuss what happens next.
Step 7 — Go to Closing and Move In
At this point, your home is complete and you’ll have a new-home demonstration meeting with your project manager. A date and time for closing is set and all final payments are due at this settlement. Once all the papers are signed, we'll give you the keys to your new Ryan home.
Ryan Homes Tip: Shop for a mortgage with several lenders before you commit to a loan.