Financing

At Creative Homes, we believe the homebuying journey should be enjoyable before, during, and after the construction of your brand-new home. Let our mortgage coaches be your guide to Closing Day! They're here to help answer all of your questions about financing and personalize a financial plan for your unique situation. Ultimately, our mortgage coaches are here to ensure a simple and stress-free experience.

Preferred Lender

Better Built Mortgage

Our Story is really a story around the story of the people that we serve.  We know that real estate is typically the largest single asset, and debt, for many people.  Even when it isn’t the largest single asset, or debt, real estate and home financing plays an important part of their overall financial wealth.

We have learned from having thousands of conversations with our borrowers, over the last 30 years, that most of them don’t want a mortgage.  They don’t dream about going into debt.  They dream about is getting a house.  A house that will become their home. A home for safety, security, comfort, and a means to increase their wealth.  A place to enjoy life with their loved ones, and friends, as they create lasting memories that are built over time through shared laughs, tears, and dreams come true.

We see our role in the story of our borrowers as that of a guide and trusted advisor.  Our purpose is to help improve the lives of the people we serve as a trusted resource to help them make educated, clear, confident, and wise decisions when financing or refinancing their homes.  As the largest single asset and debt for most people we know that how they manage their real estate financing will have a major impact on their overall well-being.

Mortgage Coaches

Jim Kubovec

Mortgage Coach | NMLS#400295
12800 Whitewater Dr Ste 100 Offc 118
Minnetonka, MN 55343

John Harvey

Mortgage Coach | NMLS#327892
12800 Whitewater Dr, Suite 100, Office 118
Minnetonka MN 55343

FAQs

Our Borrower Portal allows you to fill out your application and submit documentation securely online. Additionally, we share and allow you to sign disclosure documents electronically.

You are on the path to purchasing a home! After you receive your pre-approval, it’s very important to inform us of any changes to your financial picture or credit history as this could impact the amount or type of loan for which you’ll qualify once your loan is fully underwritten.


Many people are surprised to learn that rates change on a daily and sometimes hourly basis. Interest rates fluctuate in response to changes in the financial markets. The bond market is generally a good indicator of the trend of interest rates, with higher bond rates usually producing higher mortgage rates.

Escrow is a legal arrangement where a neutral, third party temporarily holds an asset or sum of money on behalf of two other parties that are in the process of completing a transaction. In real estate, escrow is typically used to protect the buyer's earnest money or to hold a homeowner's funds for property taxes and home insurance.

Yes, you can! Based on your financial and credit history, you will have a variety of options with a 5% down payment. Your loan expert can help you decide which home financing program will work best for you.

Any credit inquiry can have an impact on your credit score, so it’s important to consider that when you are shopping for a mortgage. According to Experian, credit scoring models do take rate shopping into consideration, so multiple inquires for a certain type of credit product (like a mortgage) will have a smaller impact on your score.

Yes! This all depends on the remaining balance on the loan, your credit score, and a few other factors. Speak with a loan expert to find out how much cash you may be able to pull out of your home in a refinance.

Our Borrower Portal makes it easy and secure to upload documents and loan homework online. If you don't have an account with our Borrower Portal, it's simple and quick to start one – just find a loan expert to sign up and start uploading documents!

Rate locks are available across a range of time periods. Rate lock periods of 30 days are pretty typical, but at times when there are a large number of consumers refinancing their mortgages or purchasing homes, longer lock periods are common.

With a minimum down payment amount of 3%, it’s possible to get a conventional loan for less money out-of-pocket!

It depends on what type of loan program you’re using. For example, an FHA streamline refinance doesn’t require an appraisal, and the same is true of VA loans too. You can roll your closing costs, prepaid interest charges, and escrow funding totals into your loan amount so you don’t have to bring in money at closing. Talk to a loan officer to learn more about your options!

This depends on your credit profile, down payment amount, and other financial qualifications! If you’re ready to buy, get in touch with a loan officer to learn more about what’s available to you.

If you’re a first-time home buyer, consider looking into bond programs near you. Some bond programs offer down payment assistance, depending on your location. Plus, FHA, VA, and USDA programs are all available for first time buyers!

A credit score is just one piece of your overall financial picture, so make sure you talk with a loan officer about your qualifying factors. That said, a conventional loan typically requires a credit score over 620, and all borrowers should have a credit score.

Hear From Our Homeowners

Creative Homes Testimonial
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The entire time at Creative Homes has been phenomenal to work with through our building process. This is the 3rd time I have built and everything about the process has been second to none. I appreciate the entire Creative team and cannot speak highly enough of their work!!

Alicia
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The building process was so fun and easy; every week it was so exciting to see progress on our home. The design studio made for an easy experience when picking all the materials for our home. From start to completion, their attention to detail was phenomenal. Creative Homes has a solid team of experts and were always there to answer any question we would have. There is no doubt that I would recommend Creative Homes to anyone building a home.

Nate & Beth
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Great experience from start to finish! Derek and Jeff were awesome to work with and provided great communication, customer service and were passionate about building a high quality home we would be proud to own in the end. Third home built from the ground up and by far the best experience we had! Would recommend Creative Homes to others searching for a home builder who cares about their clients.
Lehman Family
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We really had a great home building experience with Creative. Our home was completed on schedule and they worked closely with us on every aspect of the project. Our site supervisor was incredible – he was catching things before we even noticed them and had them remedied quickly and to our standards. Overall, we would highly recommend Creative and would build with them again in the future.

Matt & Amanda
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Our home turned out beautiful. I could go on and on but I will just add that I am extremely happy we chose Creative Homes as our builder and would definitely recommend them to anyone considering building a home!

Ann & Jim
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