Home Dream Home

🏡 Home Dream Home

Smart Financing for Building the Home You’ve Always Wanted

Building your dream home should be exciting—not overwhelming. With the right financing, you can turn your vision into reality while keeping your budget and peace of mind intact. A One-Time Close Construction Loan offers a streamlined, cost-effective way to fund your new home from the ground up, all under one convenient package.

One Loan, One Closing

Unlike traditional construction loans that require a second closing when your home is complete, a One-Time Close loan automatically converts to a permanent mortgage once construction is finished. That means no second closing costs, no duplicate paperwork, and no surprises—just a seamless transition from construction to move-in.

Rate Float-Down Protection

Worried about rising or falling interest rates during construction? With a Rate Float-Down option, if interest rates drop while your home is being built, you can lock in a lower rate before converting to your permanent mortgage. It’s peace of mind—and potential savings—built right into your loan.

Lower Down Payment, More Flexibility

Typical construction loans require 20% down, but with this program, you can start with as little as 10% down. That’s half the usual requirement, leaving you with more cash on hand for design upgrades, landscaping, or those finishing touches that make your new house truly feel like home.

Built-In Budget Protection

Unexpected costs can arise during any construction project, but this financing solution includes a 10% contingency reserve to cover cost overruns. That means you’re prepared for the unexpected—without derailing your budget or timeline.

10 Draws Keep Your Project Moving

With 10 construction draws, your builder can access funds as each phase of the project is completed. This keeps the project funded, efficient, and on schedule, helping you avoid costly delays.

Cover Upfront Costs with Ease

Architectural fees, permits, and other upfront expenses can add up quickly. Fortunately, these costs can be included in your total loan budget, so you’re not scrambling to cover out-of-pocket expenses before the first shovel hits the ground.

Interest-Only During Construction

While your home is being built, you’ll make interest-only payments based on the amount disbursed to date—not the full loan amount. This helps keep payments manageable during the construction phase, allowing you to focus on the exciting details of your new home.

The Bottom Line

Building your dream home doesn’t have to be complicated—or expensive. With a One-Time Close Construction Loan, you’ll enjoy simplicity, security, and savings all in one package. From groundbreaking to grand opening, your financing will work as hard as your builder to make your Home Dream Home a reality.

Rob Cusano - NMLS #820938

Office: 844.788.7237 x2872

Email: [email protected]