One-Time Close Loans | FHA and VA Construction Loans
Learn all about the VA and FHA versions of the One-Time Close Loan.

One-Time Close Loans Available to Build Your Dream House

- Build a Home on Your Own Lot -
VA Loan - One-Time Close Construction Loan
FHA Loan - One-Time Close Construction Loan

Articles, Updates, and Guidelines

The One-Time Close Construction-to-Permanent Loan is a secure, government-backed mortgage program available for one-unit stick-built primary residences, new manufactured housing for primary residences (no singlewides), and modular homes. Our articles and updates are presented to keep you informed on loan guidelines, program changes, and topics to help you build and get financing for your own home.

One-Time Close Loans And Insurance Considerations

When building a home, there are important considerations to make for mortgage insurance and the types of policies you may also need if you are building in an area known for natural disasters. Mortgage insurance and hazard insurance are not the same things and even for homeowner’s insurance policies, there may be a difference in coverage for certain types of incidents like floods or fires.

Understanding Your One-Time Close Mortgage Payment

Building a home on your own lot requires you to do a variety of things before you can accept the keys and move into your brand-new, never-before-owned home. Choosing the lender, selecting the builder, choosing your floor plan, how much you will put down and other decisions are all big parts of the process.

Can I Build A Home With An Adjustable-Rate Mortgage?

If you are interested in building your own home on your own land (or land you purchase in conjunction with the construction loan), you are likely examining your options with an eye on rising interest rates.

Pros And Cons Of Building A Home

Is it smarter to build a home or buy one? In late 2022 some borrowers are asking that question, faced with rising interest rates, a lack of inventory, and high prices. What are the pros and cons of building your own home on your own lot with a One-Time Close mortgage?

Things To Know Before You Commit To A Lender

If you are planning to build a house with a single-close construction loan, there are a few questions you should ask before you commit to working with a construction lender. You want to know a few things about that financial institution before moving forward.

Could Home Loan Reform Expand Your Construction Loan Options?

The federal government is considering ways to reduce bias in the home-buying process. And one area in particular being scrutinized? Appraisals. The appraisal is a process where the home is reviewed to ensure it meets minimum standards and meets state/local building codes. It’s also the way the lender establishes the fair market value of the property. For a One-Time Close construction loan, the appraisal process works a bit differently than for existing construction property.


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