FHA and VA One-Time-Close Construction Loan
Why worry about re-qualifying or incurring additional costs? Designed for manufactured, modular, and stick built housing, this program offers an all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. The permanent loan is closed before construction begins
No re-qualification. No second appraisal.
- Up to 96.5% LTV through FHA or 100% through VA (not including funding fee)
- No payments due from borrower during construction
- No re-qualification once construction is complete
- Single closing reduces total costs
- Available through FHA & VA
- A minimum qualifying credit score
- 15 and 30 Year Fixed Rates available
- 1 Unit Single Family Residences, Doublewide and Triplewide Manufactured Homes and Modular Homes permitted
Contact your local branch to get started.