Pre-Approval Letter   Before you order your new home, you will want to meet with a lender to get your financing squared away. They will check your credit and go over some different options with you so you may choose the plan that works best for your situation. Don't forget, some of Monograms homes qualify for 100% financing. Once they have you approved they will give you a letter stating that you have been approved to purchase a home up to "X" amount of dollars. 

Earnest Money    Along with your pre-approval letter, you will need a check* for $1500. This is your earnest money which is required in every real estate transaction. It is what the buyer stands to lose if they sign a contract to purchase a home and later change their mind. If the buyer follows through with the transaction, and it closes as planned, the earnest money is then credited back to the buyer at closing. 

* Personal check or money order. Please, no cash. The lender is going to require a copy of the check to be submitted with your contract.