Want to simplify financing for your new home build? A one-time close construction loan combines construction financing and permanent mortgage financing into a single loan with one closing.
Loan Program
One-Time Close Construction
Benefits of a One-Time Close Construction Loan
- One Closing: Complete one closing instead of separate construction and permanent loan closings.
- Simplified Financing: Construction and long-term financing are combined into one process.
- Added Convenience: Reduce the paperwork and coordination associated with obtaining two separate loans.
One-Time Close Construction Requirements
- Approved builder or contractor
- Detailed construction plans
- Established construction budget
- Property appraisal
- Credit and income qualifications
- Down payment requirements vary by program
COMPARE BEFORE YOU COMMIT
Transparent tools to compare your options
Real numbers, no pressure. Explore today’s local rates, get pre-approved, or model a refinance — all before you commit to anything.
No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
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Fix and Flip
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One-Time Close Construction
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