va one time close construction loan: One Time Construction Close Mortgage Loans: The Base Home Sales Price
- 08/24/20 01:40 AM
There are home loans for borrowers–even first-time home buyers–to allow the construction of a home from the ground up. They are called One-Time Close construction loans and are available from participating FHA, VA, and USDA lenders.
One Time close loans, also known as single-close construction loans, feature one loan for both the construction of the home and the purchase of that home.
When you apply for a construction loan, one area you’ll soon learn about is something called the base home sales price. This is essentially the base cost of the project using the contractor’s standard designs and features–you choose the design and … (1 comments)
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There are home loans for borrowers–even first-time home buyers–to allow the construction of a home from the ground up. They are called One-Time Close construction loans and are available from participating FHA, VA, and USDA lenders.
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