Permanent loan is closed before home is built, saving time and money
HomePermanent loan is closed before home is built, saving time and money
ONE-TIME CLOSE CONSTRUCTION FINANCING
The One-Time Close Construction Loan is a home mortgage that can be used by the borrower to close both the construction loan and the permanent financing of a new home at the same time. The loan is closed one-time, upfront, before any construction begins simplifying the process and saving money.