There are many benefits to One-Time Close Construction-to Permanent loans; for example, an interest rate and payment can be locked in prior to the start of construction. Plus, with only one closing, it saves time and money. Also, a One-Time Close loan means eligible borrowers won’t need to secure a permanent mortgage once the home is complete because that will already be included in the single closing! This is a great option for borrowers who want to build their dream home over buying it!
Wholesale Mortgage Source offers a variety of construction home loans that provide all-in-one financing that combines the construction of a home, lot purchase/land payoff, and the permanent mortgage into one closing. One-Time Close Construction-to-Permanent loan options include FHA, VA, USDA and Conventional.
Our Construction Loan Programs
- CONVENTIONAL – Fannie Mae and Freddie Mac One-Time Close Construction
- FHA – One-Time Close Construction
- VA – One-Time Close Construction
- USDA – One-Time Close Construction