One Time Close

Use the quick & easy tool below to find out what you qualify for.

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One-Time Close Loan - The Basics

  • Designed to simplify the financing process for new home buyers, eliminating the need to obtain both a construction loan and permanent mortgage
  • Insured by the Federal Housing Administration (FHA), which helps keep rates low
  • For Construction-to-Permanent, closing occurs before construction begins
  • 5% Maximum LTV
  • No payments due during the construction phase
  • Closing costs may be financed
  • 15 and 30 year fixed rates available
  • No re-qualification once construction is complete
  • A single closing reduces closing costs, saving your borrowers money