We offer a One-Time-Construction loan that turns into a permanent mortgage. There are many benefits to One-Time Close Construction-to Permanent loans; for example, an interest rate and payment can be locked in prior to the start of construction. Plus, with only one closing, it saves time and money. Also, a One-Time Close loan means eligible borrowers won’t need to secure a permanent mortgage once the home is complete because that will already be included in the single closing! This is a great option for borrowers who want to build their dream home over buying it!
A construction loan can be done with a Conventional, FHA, VA, and USDA loan.