Construction One-Time Close Loan
Our team can help you decide which option fits your needs, budget, and timeline. Plus, we handle everything in house, helping you to close on time.
- Amazing service from the ground up
- Instant access to a local lending team
- Online portal to upload paperwork and track loan status
- Extended rate locks available in case of construction delays
- Clear communication and project updates at each step
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- Secure both short-term construction and long-term financing at the same time.
- Go through the loan process just once, plus pay only one set of closing costs.
- Automatically converts to the permanent mortgage once construction is complete.
- Make a new build straightforward, affordable, and easy.
- Reduce stress because you're approved for the permanent loan upfront.
- Avoid potential rate hikes with a long-term rate lock.
- Simplify the process with one closing instead of two.
- Finance up to 90% of the property value - As low as 10% down payment.
- Perfect credit not required - Minimum 640 credit score.
- Good for buying a primary residence or second home.
- Allows up to 10-acre properties.
- Lower interest-only payments during construction.
- Permanent mortgage has a fixed rate.
- One builder/general contractor - All improvements in one contract.
- Construction phase can last 6, 9, or 12 months.
- Additional requirements, restrictions, and underwriting conditions may apply. Speak with your loan officer for details.
