Frequently Asked Questions for Whitestone Customers:

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What is the difference between White Stone Developments and all other builders in the area?

White Stone Developments is able to give you more freedom to choose the location of the lot, we build top-quality homes for a very affordable price. Our standard homes include granite countertops, PGT windows with hurricane rating wind up to 130 miles per hour. Travertine tiles in the bathroom and kitchens. Upgraded kitchen cabinets. Stainless steel appliances and most importantly our homes are built on stem wall foundation for stability.

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What kind of construction does White Stone use to build the homes?

White Stone builds only block houses.
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How will I get updates on the construction progress on my home?

You will get access with login information on our website, regular updates and photos will be posted weekly.
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Where is your office location?

Whitestone’s office is location at 2300 McGregor Blvd, Fort Myers, FL 33901
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Where can I see an existing model?

Just make an appointment with one of Whitestone’s team members by contacting this number 239-314-4818.
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What areas of Florida can I build in?

Whitestone builds homes in Cape Coral, Lehigh Acres, Port Charlotte, Punta Gorda, North Port.
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How long does it take for me to move into my new home?

Typically 6 to 8 months from the day you sign a contract with the lender and builder.
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Now we have a pre approval what is the next step, who will help me select a lot to build on?

We encourage you to work with our preferred realtors to help you select a suitable buildable lot for your future home.
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How long does it take to get final approval for the loan?

Typically 45 to 60 days from signing the building contract.
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How long does it take to get approved with the lender?

Typically within 2 business days after you submit all required paperwork.

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What is the next step to get approved for a loan?

Whitestone has a relationship with several banks you could choose from, please fill this credit app.
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Will I need a cosigner?

It depends on your income and debt ratio. The lender will be able to determine that.
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Does new construction qualify as section 8 program?

Unfortunately Whitestne does not work with Section 8.
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What government approved assistance programs available to me?

The only government incentive is the down payment assistance program and that is only available for existing homes and the borrower will need to qualify.
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I don’t have a social security number but I am a taxpayer in the U.S. and have ITIN. How can I qualify for a mortgage?

We have special lenders that can work with you, but expect to have a minimum 15% to 20% down payment with proof of income and provide 2 years of U.S. employment history.
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How much cash do I need to have available to put down?

At a minimum 3.5% in the bank plus 3 or 4 percent for the closing costs. plus 3 months payment reserve in the bank. White Stone Developments can help with the closing costs up to 100%.
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What credit score do I need to have?

What credit score do I need to have? 640 for FHA Loan, Conventional Loan requires a higher score.
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How much house can I afford

Minimum monthly income requirement should be no less than $2,300. Based on your monthly income of $2,300 your total debt payment cannot exceed 40% or $920 per month. You would qualify for up to $130,000 loan.
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Step 1: Get Pre-Approved

The first step in working with us is to get pre-qualified so that we can go out and find the right property for you that fits what you’re looking for while also staying close to your budget. Ready to get started? We’ll connect with you within the next 24 hours to get the process going for you.

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