Build Your Dream Home with a One-Time Close Construction Loan

Have you ever driven past a piece of land and thought,“I could build my dream home right there”? For many people, the idea of building a custom home feels complicated or out of reach. But financing both the land and the construction can actually be much easier than you might think with a One-Time Close Construction Loan.

One Loan. One Closing. A Much Simpler Process.

Traditionally, building a home required two separate loans—one for the construction and another for the permanent mortgage once the home was finished. That means two approvals, two closings, and two sets of closing costs.

A One-Time Close Construction Loan simplifies everything by combining the construction financing and the permanent mortgage into one single loan with one closing.

This means:

• Only one loan application

• Only one approval process

• Only one closing

• Only one set of closing costs

It’s a much smoother and more efficient way to build your own home.

Finance the Land and the Build Together

With this type of loan, you can finance the land and the construction of your new home at the same time. Instead of paying out of pocket for the build and refinancing later, the mortgage funds the construction as the home is being built.

The lender works directly with the builder during the construction process, sending funds in stages as the project progresses. This helps ensure everything stays on track.

Flexible Options for Many Buyers

One-Time Close loans can work for a wide range of buyers and loan programs.

Some highlights include:

• Low down payment options– as little as 5% down for conventional loans

• 0% down options for eligible VA borrowers

• Loan amounts up to conforming limits or higher depending on the program

These flexible options make building a home more accessible than many people realize.

Easier Payments During Construction

Another benefit is that payments during the build phase can be much easier to manage.

• Conventional borrowers typically make interest-only payments during construction

• Eligible VA borrowers may have no payments during the build period

This can help reduce financial stress while your new home is being completed.

Lock Your Rate — With the Option to Improve It

When you close on a One-Time Close loan, your mortgage is already in place for when the home is finished. That means you’re protected from rate increases during construction.

And if rates improve while your home is being built, many programs allow a“modify-down” option, giving you the chance to secure a lower rate before the loan converts to your permanent mortgage.

Build the Home You Actually Want

One of the best parts of building a home is that you don’t have to settle. You get to choose the layout, design, and features that fit your lifestyle instead of trying to adapt to a home that was built for someone else.

Whether you're dreaming about:

• A custom kitchen

• A home office

• The perfect lot with privacy or views

A One-Time Close Construction Loan can make it possible.

Thinking About Building? Let’s Talk.

Many buyers are surprised to learn how achievable building a home can be with the right financing and guidance.

If you’re considering buying land or building your dream home, I’d be happy to walk you through:

• How the One-Time Close loan works

• What the qualification process looks like

• Down payment options

• And how to get started

Reach out anytime for a quick consultation or to see if building your own home could be the right move for you.

Your dream home might be closer than you think.