FAQ| Frequently Asked Questions



You may have a number of questions about buying a home and how the process works.

We are here for you and are available to answer any questions you have. These are just a few of commonly asked questions but if you have others, don’t hesitate to call us.

SunBurst Dream Homes

Do you rent to own?

Sunburst does not rent to own. Instead, we provide owner financing for homebuyers.

What is your interest rate?

Interest rates are calculated on an individual basis and are only quotable by a licensed loan officer. All payments and interest rate calculations will be provided to the prospective homebuyer prior to any final commitment.

How much are my payments?

Payments are calculated on an individual basis, amortized over a 25-year term.

Do you have lot rent associated with a property?

Most of our properties do not have lot rent. Buyers will own the land and the home.

Do you have homeowner's association dues?

No, most of our properties do not have homeowner’s association dues. On the rare occasion that there are homeowner’s association dues, these tend to be either voluntary or are minimal in their amount.

Am I required to purchase homeowner’s insurance?

Yes, all purchases require one year of pre-paid homeowner's insurance prior to closing. All future payments will be escrowed into one payment of principal, interest, taxes, and insurance.

Can I file homestead exemption on the property?

Yes, all property purchases enable you as a homeowner, living on the property, to file for a homestead exemption.

What is pre-qualification?

Pre-qualification consists of a completed loan application, a credit check, and documented proof of income. Once submitted, applicants will generally receive a response from the pre-qualification process within 48 hours.

How long does the whole application process take?

From application start to finish we can usually close a property in approximately 14 business days.

What if I have credit issues?

Bumps and bruises in the credit score are dealt with on an individual basis and are not necessarily detrimental to the process.