Owner Occupied SFR 1-4, Vacation Home and Non Owner Occupied Investment properties, can now take advantage of a Single Close Construction loan to finance the construction directly to qualified buyers.

Just one qualification process for the interim construction financing and the long term permanent mortgage loan to be repaid along the years.

Avoid duplicated costs of escrow, title and fees; with a single closing for the construction and the long term financing loan saving time and money.

• Borrower applies just one time for the construction and the permanent loans.
• Loan can include the purchase of the land and the construction of the house.
• Once the loan is closed, the funds are available to the builder to start the construction.
• Builder can opt for partial draws along the construction phases.
• Owner makes interest only payments until the City issues the Certificate of Occupancy, and start amortizing payments.
• Builder can receive advances to start the construction process.
• Low Interest rate is fixed and do not varies between construction or long term financing.
• Very low down payment + Very low interest rates = Best option for construction & long term financing.
• Land, plans and fees can be included in the loan.
• On site built or Modular factory built qualifies.
• Contact us for additional information.

Infill Vacant Land purchase can be financed as part of a construction project.

Undeveloped vacant land for future use can be financed with an appropriated collateral.