Overview
When you work as a preferred lender in a new construction community, you quote the same property details over and over for years until the development sells out. Subdivision templates eliminate repetitive data entry by storing community-specific information like tax rates, homeowner's insurance factors, HOA dues, and initiation fees. Each time you create a new quote, you simply select the template and enter the sale price for that specific home.
Before You Start
Requirement | Details |
Subdivision template created | Your admin or you must have already set up the template with the community's tax rate, insurance factor, HOA dues, and initiation fee |
Property sale price | The specific price for the home you're quoting |
Loan parameters | Know the loan type, term, down payment percentage, and interest rate for this buyer |
Estimated closing date | Approximate date for closing cost calculations |
Step-by-Step: Creating a Deal from a Subdivision Template
1. Start a New Scenario
Click New Scenario from your dashboard
Select Subdivision Template as your scenario type
2. Select the Community Template
Field | What to Enter |
Subdivision Name | Choose the neighborhood from the dropdown (e.g., "Stonecrest") |
Once selected, the system automatically loads all pre-configured values for that community.
3. Enter Loan Details
Field | Example |
Loan Type | 30 Year Fixed |
Down Payment | 20% |
Interest Rate | 6.5% |
The system calculates your LTV automatically based on the down payment percentage.
4. Enter the Property Sale Price
⚠️ Important: The sale price is the only field that changes between quotes in the same community. All other values (tax rate, HOA dues, insurance factor, initiation fee) are locked to the template.
Enter the specific sale price for this home. In a subdivision, each house may sell at a different price even though they share the same community fees and rates.
5. Set the Closing Date
Select the estimated closing date
Add any seller-paid closing costs if applicable
6. Generate the Quote
Click to build the deal
Review the completed scenario
What the Template Handles Automatically
Once you select a subdivision template, these values populate without any manual entry:
Pre-filled Item | Example Value | Where It Appears |
Property Tax Rate | 1.1% | Used in escrow calculations |
Homeowner's Insurance Factor | 0.23% (for new construction) | Insurance estimate |
HOA Quarterly Dues | $325/quarter | Property information section |
HOA Initiation Fee | $1,200 | Closing costs |
Finishing Up / Next Steps
1. Verify the Quote Details
Scroll down to confirm the HOA fee displays correctly in Property Information
Check that the HOA initiation fee appears in closing costs
2. Present to Your Buyer
The quote now contains accurate, community-specific details
Share with confidence knowing tax rates and fees match the builder's disclosures
Quick Reference
New Scenario → Subdivision Template → Select Community → Enter Loan Terms → Enter Sale Price → Set Closing Date → Build Deal → Done
Tips for Success
Only the sale price changes between quotes in the same community, so you can generate multiple quotes in seconds for different floor plans or lot premiums
Work with your builder partner to get accurate tax rates, HOA dues, and initiation fees when setting up a new subdivision template
Update templates annually if the community adjusts HOA dues or tax assessments change
Use subdivision templates for multi-year developments where you'll quote hundreds of buyers over time in the same neighborhood
Double-check insurance factors for new construction versus resale properties, as they often differ
Related Topics
Setting Up a New Subdivision Template
Managing HOA Fees in Loan Scenarios
New Construction Loan Calculations
Working with Builder Partners