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 4, 2026FHA down payments are 3.5% up to the maximum FHA lending limit for your county and VA down payments can be as low as $0 for eligible veterans available up to the maximum amount your debt-to-income ratio per VA will allow – there are no maximum loan amounts as per VA guidelines.
January 5, 2026With FHA and VA One-Time Close Construction Loans, you can roll your land purchase, construction costs, and permanent mortgage into one simple loan—with one closing, one set of fees, and a stress-free process from start to finish.
January 1, 2026Are you unsure if a One-Time Close construction loan is the right choice in 2026? Building is better than buying for some, and if you feel that describes you, there are some steps to take when looking for the right VA or FHA single-close lender, especially if you are considering a conventional version of the loan. Comparison shop, and know your options before you commit to a specific lender.
June 26, 2025The decision on getting a One-Time Close loan should be based on personal priorities. If your primary goal is to create a fully customized home, and you possess the patience and diligence required for a long-term project, building with a construction loan is an excellent path.
June 12, 2025Are you considering building from the ground up using a One-Time Close mortgage? Knowing which costs to anticipate and how much to expect to pay at closing time are key factors in a successful single-close residential real estate construction loan. What does a first-time borrower need to know about these costs when still planning and saving for the OTC loan?
May 27, 2025Why do some home buyers build, and why do some buy existing construction? For starters, building a dream home from the ground up on your own lot isn’t for everyone. An FHA One-Time Close loan is a specialized mortgage designed to finance the construction of a new home. It consolidates all associated costs, including the land purchase, construction expenses, and the permanent mortgage, into a single loan transaction.
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