Are you dreaming of building your custom dream home but don't know where to start!

Look no further than a One-Time Close New Construction loan from us! With this loan, you can finance the construction of your new home with just one loan and one closing, making the process smoother and more efficient.

To qualify for a One-Time Close New Construction loan, you'll need to have a credit score of at least 620, provide a down payment of at least 5% to 20% of the total project cost, and have a set of plans and specifications for your project. You'll also need to occupy the property as your primary residence within 60 days of the loan closing.

This loan is available for a variety of property types, including single-family homes, duplexes, three- and four-unit properties, planned unit developments, and condos. However, co-ops, manufactured homes, properties with more than four units, properties with commercial zoning or use, and properties located in a flood zone are not eligible.

For VA borrowers, there's even better news: no down payment is required for eligible VA borrowers, and they may be exempt from certain fees and charges.

Of course, building a custom home is a major undertaking, and you'll want to ensure that you have at least 2 years of experience in the construction industry or hire a general contractor with at least 2 years of experience to oversee the project.

With a One-Time Close New Construction loan from us, you can finance the construction of your custom dream home with ease and confidence. Contact us today to learn more and get started on building the home of your dreams!


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As The Mortgage Mentor, I'm here to help translate industry jargon into everyday language so you can confidently choose a mortgage strategy that saves you time and money.


Rebecca Richardson, AMP
Mortgage Loan Officer
team@themortgagementor.co
NMLS #91445

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