One-Time Close New Construction Loan
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One-Time Close New Construction Loan
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About this listen
One closing! Which means one interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval.
Eligible on 15-and 30-year fixed conventional and high balance loans and 7- and 10-year ARMs
Available on primary, second and investment property purchases and rate/term refinances
700+ FICO, up to 95% LTV
11-month maximum build period with 1-month modification period
Loan amounts up to the conforming loan limits
$726,200 for regular one-unit loans (increased from $647,200 in 2022)
$1,089,300 for one-unit high-balance loans (increased from $970,800 in 2022)
City/ County Zoning/ Permitted as a single family residence
Allowance for Duplexes 1-4 units
Detached condos
Prohibited one-time construction loans property types
Owner-Builder
ADUs
Manufactured homes
Unique property types
Brandominium homes
Shipping containers homes
Start your one-time close new construction loan application process by creating an account at
https://bit.ly/3PyuXss