Saturday, February 16, 2019

One-Time Close, Construction-to-Permanent Loan

No Re-Qualification. No Second Appraisal. The One-Time Close, Construction-to-Permanent loan is 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. Because the permanent loan is closed before construction begins, there is no need to re-qualify the borrower, simplifying the construction and purchase process.
Program Highlights
·     No payments due from borrower during construction
·     No re-qualification once construction is complete
·     Single closing reduces total costs
·     Available through FHA, VA, and USDA delivery channels
See How Your Borrower Can Qualify