Financing Your Barden Home
The Responsible Parties
• “The Robar Ten Step”
– Ten Steps to financing your
new Barden Home with Robar
Dealer General Funding Corp.
Robar General Funding Corp. is located at 6308 Boston State Rd., Hamburg, NY 14075
Our toll free number is 1-888-997-6227 and our fax number is 716-648-2101.
• Robar will prequalify you for a
maximum loan amount based on
Whose Responsibility? your income and your debt.
– This can be done with a phone call to the
Robar offices or the completion and
forwarding of an authorization form to the
Robar offices. (This authorization form is
attached for your review, use and records.)
– This prequalification includes a review of
an infile credit report** which allows us to
quote an interest rate range and other
**An infile credit report is a “snapshot” of your credit profile
and may not provide enough credit information.
• Robar will provide you and your
Whose Responsibility? dealer with a mortgage amount
and estimated interest rate based
on the information gathered in
– If you are using the $995 out of
pocket program we will estimate
the maximum hard and soft costs
associated with the prequalified
Soft costs refer to fees associated with obtaining a mortgage.
Hard costs are the true costs for materials and labor.
Whose Responsibility? • You meet with your
independent Barden dealer and
talk preliminary numbers,
plans, ideas and dreams.
– The goal here is to at the very
least make sure that the loan
amount you have been
prequalified for is going to be
enough to do what you want.
There is a difference between what you qualify for and what you can afford,
Robar can only give the prequal amount, your comfort level is what you deem you can afford.
• You formally apply for
Whose Responsibility? the permanent mortgage.
– By sending in the
information from the
“123” sheet (see attached),
Robar can get you
approved in as little as
The information on the “123 sheet” is purposely general, each transaction may require specific
items that will be addressed after the prequalification.
Not in the Ten Step
But important nonetheless
Whose Responsibility? • By this stage you
prints from Barden
Robar General Funding Corp., 6308 Boston State Rd., Hamburg, NY 14075
Licensed mortgage broker and/or lender in: NY, PA, MA, IN, MI, OH, IL, MN, WI, TN
• With the permanent loan approval
a commitment is issued and your
Whose Responsibility? loan is now ready for an appraisal.
– It is important to note that in order for
us to do an appraisal you will need to
have some land under contract,
already in your name or plan on
having it gifted to you. You will
more than likely have done so but a
quick reminder is never harmful.
The appraisal is completed based on the plans, specification and lot location.
• Robar will notify you and your
Whose Responsibility? dealer of the approval. We will
ask that the dealer contact us
once he is ready for us to order
– We will order immediately upon
notification by the dealer…of
course, feel free to contact us
directly if you so wish.
This space has no information in it like the others, We are just seeing if you are paying attention!!!
• With the receipt of the appraisal your file is
submitted to the construction lender for
approval and commitment.
– At this time the first phase of your financing has
– The construction lender will now take over the
transaction with a representative contacting you .
The lender will look to review the budget,
address any sweat equity you may be putting into
the deal and answer any questions you may have
regarding the construction loan.
– Robar remains readily available to answer any
questions or concerns you may have.
Milo Corporation is the construction lender most commonly used, their number is 1-800-365-2207
• Robar is notified by you or
your dealer when you have
reached the drywall phase of
your new home.
– This stage is our internal comfort
And/OR zone, based on experience, that
you are now within a 60 day
period of closing on your
Robar has been financing Barden homes since 1996, our experience is a valuable asset we encourage
you to use. Our toll free number is 1-888-997-6227.
• Robar will update your file and
begin the process of readying your
Whose Responsibility? application for the final closing.
- Robar will contact you with regards
to the information needed to update
your application package.
- We will also discuss loan amount
adjustments, interest rate options
and other mortgage terms that need
to be finalized before a closing can
Updating your file may only require that you supply us with a recent paystub, bank statement,
and we will pull an updated credit report.
• Robar arranges with the lender, the
attorneys, and you for a targeted
• A final inspection will be completed by the
original appraiser to verify that the house
has been completed per the plans and
specification. This is needed in order to
schedule your final closing.
• Once the final date is confirmed your final
closing costs, which may include taxes and
insurance figures, are calculated and
reviewed to ensure for accuracy and
Our commitment to service relies on our clients giving us sufficient feedback regarding their experience.
A follow-up survey is sent to each of our clients immediately upon closing,
which we ask for honest answers and comments.