One-Time Close New Construction Loan

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