One-Close Construction & Renovation Loans
A one-close loan combines construction (or a major renovation) and your permanent mortgage into one loan with a single closing. You lock in your financing up front instead of qualifying twice.
Why one close
- One application, one approval, one set of closing costs
- No second qualification when construction ends
- Available in conventional, FHA, VA and USDA versions through some lenders
Who it's for
- Buyers building a new home on their own lot or a lot they're buying
- Owners planning a major renovation or addition
- Buyers of a home that needs significant work
Talk with us early, before you sign with a builder, so the plans, budget and timeline line up with the loan.