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.
May 10, 2024When you decide to build your dream home, one important step is comparing participating One-Time Close lenders for VA and FHA options. When you are ready to start shopping around for a lender, it’s smart to list standard questions to ask each loan officer or financial institution. What questions should you ask when comparing OTC lenders?
April 26, 2024Finding the perfect house in Tennessee that's right for your family can be difficult when there is not much inventory to choose from. This could be the right time to learn about the FHA / VA One-Time Close construction loan and build a home that suits your exact needs.
April 26, 2024Do you want to build a home from the ground up using a One-Time Close construction loan? Those who invest in construction or renovation projects know some simple guidelines about planning the budget. If you are new to this type of home loan, you'll want to budget like the pros and there are some simple ways to do that.
April 19, 2024Building a new home on your own means sorting out crucial details. There are builders to hire, floor plans to review, and budget concerns to work out. And then there are the details of the home itself. Is it close enough to essential services, schools, and major highways? Is it far enough away from shopping centers and mass transit?
April 14, 2024The current VA backed One-Time close construction loan to permanent financing allows eligible Veterans to build a new home with $0 down. The FHA version allows for 3.5% down. These One-Time Close loan types are thriving in Florida and could be the right choice for your family. Learn about these One-Time Close construction loans and build a home that suits your exact needs.
April 12, 2024What do we mean by our headline? There are many ways VA and FHA One-Time Close construction loans differ from other types of mortgages, but how do single-close loans differ from each other Each single-close loan program has unique features for the loan's standard features.
Do you know what's on your credit report?
Learn what your score means.