one time close home construction: Using a Conventional Single Close Loan to Build Your 1st or 2nd Home - 07/13/17 11:54 AM
What is a Construction to Permanent Loan? A conventional Construction-to-Permanent (C2P) loan is used to finance the construction of a new primary or secondary residence and permanent mortgage all into one single transaction with one closing. The homeowner is approved for a Conventional C2P loan if the homeowner is qualified for the long-term permanent Conventional financing. 
 
Upon completion of construction, the borrower will be required to modify the interim construction loan (ICL) into a permanent conventional fixed rate loan. There will be no additional closing or closing costs required. This loan is available Nationwide
 
Loan Requirements
30% down payment or 70% LTV based … (0 comments)

one time close home construction: FHA One Time Close Home Construction Loan is Back, Nationwide - 07/13/17 11:23 AM
What is a Construction to Permanent Loan? An FHA Construction-to-Permanent (C2P) loan is used to finance the construction of a new primary residence and permanent mortgage all into one single closing. The homeowner is approved for an FHA C2P loan if the homeowner is qualified for the long-term permanent FHA mortgage.
 
Upon completion of construction, the borrower will be required to modify the interim construction loan (ICL) into a permanent FHA Fixed rate loan. There will be no additional closing or closing costs required.  This loan is available Nationwide
 
Loan Requirements
3.5% down or 96.5% LTV based on Total Acquisition Cost of Land … (0 comments)

one time close home construction: One-Time and Two-Time close Home Construction Loans, Which is best? - 11/20/14 04:13 AM
There are two types of Custom Home Construction Loans Available in the Houston Metro area. You've decided to build your own custom home because the cookie cutter tract homes that you've seen are just not what you and your family are looking for.   Now comes the part when you are looking for financing and you hear the terms one-time close and two-time close Home Construction loans.  Many people choose to do a Custom Home Construction loan because they've decided this is the last home they will ever own and they want it to be just right.  They may have had … (0 comments)