Find out how you can build a home on land you already own.
If you’ve decided to have your new home built from scratch, you might be wondering how to finance the construction and purchase. This single close loan gets you from construction to occupancy with one mortgage in a streamlined process.
Low Down Payment Loans Available
The One-Time Close Loan is a mortgage program that finances the construction, lot purchase, and permanent loan of a new home, all wrapped up in a single mortgage with a single closing.
Previously, most construction loans required two separate closing, as well as a re-qualification process. The One-Time Close Loans helps you avoid the extra step, saving you time and money. And with Single Close Loans available through the VA, FHA and USDA, having your new home built on your own land is easier than before!