Bank of England Mortgage Construction Loans

Construction

Contact your local BOE Mortgage branch to learn more about FHA and VA One-Time-Close Construction Loan

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.

Program Benefits

  • 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

Financing Eligibility

  • 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.