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.
March 21, 2023If you are building a home using a single-close mortgage, you likely already know the process is more complex than buying an existing home. That shouldn’t stop you from building the house you want, but there are critical mistakes to avoid when planning your home. How do you know you are ready to start building your home?
March 14, 2023Are you ready for a construction loan? There are some simple questions to ask if you are not sure. Building your own home on your own lot or on land you buy for the project is an important investment, and you want to ensure you have covered all the following topics before committing to a One-Time Close lender.
March 7, 2023In previous articles, we’ve noted that building a home is easier in some ways than buying an existing property and more complex in some other ways. But one thing these two processes have in common? They both include a need for the borrower to shop around for the right lender for the One-Time Close construction loan and the right terms and rates.
February 28, 2023Are you building your home from the ground up? If you plan to use a One-Time Close construction loan to do so, there are some important considerations to make during the planning stages for your new home.
February 22, 2023Building a home using a One-Time Close construction loan can be a rewarding experience when it’s all said and done. But to get to the finish line, so to speak, there are some risks to avoid. Knowing these risks exist is half the battle for some, and if you are new to the construction loan process, you’ll want to keep the following in mind as you plan the mortgage.
February 20, 2023
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