POST TAGSLoan Programs
Blog posted On May 17, 2023
Low housing inventory has left hopeful buyers with limited options. When it comes to finding a house you love in an inventory-starved market, it can feel like fitting a square peg in a round hole. Luckily, we have your perfect fit – with all the features, rooms, and perks you want. Your dream home is waiting. Make it a reality with our One-Time Close Construction Loan!
One Application. One Closing. One Loan
Unlike other types of construction loans, our one-time close only makes you go through the process once. Which means that, in most cases, you only need to do the following once:
Gather documents – in most cases, you can avoid the hassle of gathering tedious application documents (paystubs, W2 forms, tax returns, bank statements, etc.) more than once. Some loans will require re-qualification if:
Secure an appraisal – just one appraisal fee is enough!
Pay for closing costs – closing on one loan instead of two can save you thousands of dollars in closing costs
A 3-in-1 Loan – Financing for Land, Construction, and Your Mortgage
Instead of having to secure different loans for purchasing land, covering construction costs, and financing your mortgage, you can do it all in one loan with the one-time close. Why stress about qualifying and paying for three separate loans when you can do it all under one roof. Speaking of…
We Have a Dedicated In-House Construction Team!
Not only is all of your financing in one centralized loan, but all of your construction financing needs are in one place – here! You don’t have to go through multiple different people or companies for your loan’s servicing and draws. Our team handles the servicing, administering construction draws, and everything else you need during the construction period.
Avoid Rising Rates with a Locked Rate Up Front
Unlike two-time close loans, you can secure your mortgage rate up front. So put those worries about rising rates to rest! And if rates fall before construction is complete, you can float down to a lower rate.
Enjoy the streamlined, stress-free experience of our One-Time Close Construction Loan. Contact us to get started on your dream home!