Articles, Updates, and Guidelines

July 26, 2023Are you getting a One-Time Close construction loan to build a home? If so, you may already know you can buy land with a construction loan to build the house on. And there are considerations to make when you are buying that land.

July 19, 2023If you plan to build a home, you have multiple options to choose from, including FHA One-Time Close construction loans and the VA equivalent. These mortgages let you build a house on your own lot or on land you buy in conjunction with the loan. What do you need to know about building a home before you commit?

July 12, 2023If you choose to build a house from the ground up using a One-Time Close Construction Loan, you will need to find a professional contractor to do the work. FHA and VA single-close lenders typically require you to hire a licensed professional to do the work, and it is necessary to pick a contractor from your local pool of professionals. But how to screen them?

July 5, 2023What must you know before you have a home built on your own lot using a One-Time Close Construction Loan? Some issues may be specific to a program like the FHA One-Time Close program versus the VA alternative or even a conventional equivalent. But other issues apply no matter what type of loan you are using to build your dream home.

July 3, 2023There is a government backed VA / FHA One-Time close construction to permanent loan currently available with little or no down payment to qualified applicants. With fewer homes available in the market, now may be an excellent time to consider building a new home.

June 28, 2023Some serious issues can delay a One-Time Close Construction Loan and the completion of your project, putting you over deadline and even over budget. This article is not about the obvious issues like not applying for more credit after you've applied for a mortgage or avoiding a significant change in FICO scores after initial loan approval. Yes, those problems can delay your loan.