One-Time Close Construction Loans
Perfect for those looking to build their own home with a single loan covering both construction and permanent financing.
One-Time Close Construction Loans simplify the financing process for those building a new home. Instead of securing separate loans for construction and permanent financing, this loan combines both into a single mortgage. The loan covers the cost of construction, then converts into a traditional mortgage upon project completion. One-time close construction loans offer interest-only payments during the building phase and fixed or adjustable-rate options for the permanent loan. They help streamline the financing process, reduce closing costs, and eliminate the need for multiple loan approvals.