5-10% Money Down
1 Time Closing
Conventional One Time Close Construction Loan
The Conventional One Time Close Construction Loan is a home mortgage that allows borrowers to purchase a lot, build a home and obtain a permanent mortgage all combined into one first mortgage loan with one closing. It is a great option for borrowers wishing to build their own home with a private builder.
The One-Time Close or Single Close Construction Loan will replace put to 3 loans, allowing up to 100% financing and have no payment during construction! The buyer may own their land, have their land balance paid off, or purchased under contract in our closing at the same time as their full build-out and closing costs.
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