save time & money with one-time close!
Our One-Time Close USDA Construction Loans are designed purely with your wants and needs in mind.
Traditional Construction Loan VS. One-Time Close USDA Construction Loans
Traditional construction loans require you to get a loan for the land, and land lenders require up to 20% down. Then you'd need to get a construction loan, where most lenders also require 20% down.
After the construction is complete, you would need to do a final loan to pay off the construction loan and consolidate your land loan.
That is 3 loans, with 20% down on each loan, and closing costs spread out over 3 loans. At the same time while you wait for those 3 loans to close, rates will continue to rise.
Do you have the time and patience for that?
USDA Nationwide's One-Time Close Program, The Best Construction Loan Available In Today's Market!
It's just one loan, the final loan that we will prepare to finance every aspect of the construction and land.
You read it correct. If you don't already own your land, or have land under contract, just pick out the exact plot of land you want. Negotiate the best price, and place it under contract. Our Pre-Approval process will help you get qualified for the total loan amount, and negotiate a 100% contract.
Next, find your builder, manufactured home, or modular retailer, and choose everything you want in your home and negotiate the best price you can there. We take both contracts and work all numbers to stay within your approval limit.
From there, we start the approval and underwriting process. When all is done, we close on the land and the construction financing. You don't make a payment until the home is complete.
“The Only VA One-Time Close Construction Loan You’ll Ever Need”
We Provide USDA One Time Close Construction Loans For The Following Properties & Accompanying Land.
One Time Close MANUFACTURED HOMES - Brand New Double-Wide & Triple-Wide Homes Eligible Up To 100% On USDA. Large tracts of land/acreage, no problem!
One Time Close MODULAR HOMES – Viewed the same as Site Built Homes, Eligible on All USDA Loan Programs. Find the home of your dreams, and we handle the rest!
One Time Close SITE BUILT HOMES – Up To 100% For All USDA Rural Development Programs. If you can build it, we will help you fund it. Pick out all the options you could wish for!
What Are The USDA Rural Development One-Time Close Construction Program Benefits & Highlights?
Max 100% LTV through USDA (not including the funding fee).
No payments due from borrower during construction.
No re-qualification once construction is complete, & NO Second Appraisal. All-In-One Financing Saves You Time & Money.
Land can be used as down payment if owned, or purchased at same time. Loan is 100% in place before construction begins.
USDA Construction Loan Eligibility Highlights
Available through USDA Nationwide, in all 50 states.
620 minimum qualifying credit score. 15 and 30 year fixed rates available.
1 Unit Single Family, double-wide & triple-wide manufactured homes, & modular homes permitted.
No Self-Help, Buyer can not act as contractor or complete any work on home.
Builder / Retailer can offer seller concessions for a true no money down USDA Rural Development construction loan.
5 Star USDA Lender Reviews That WOW!
"Richie, OK... so you've officially done something I've never seen in 22+ years selling real estate. Closed a Loan on 224 Acres, with a Manufactured Home. CONGRATULATIONS! and THANK YOU!!! Admittedly, I was skeptical (more like pessimistic) when James told me you were going to get this Loan completed. And I had many doubts along the way, because I'd seen so many Lenders fall flat on their faces, just before the Closing. BUT... You got the Job DONE! Occasionally, I find someone out there who has done an Outstanding Job, helping my Clients... and You are one of these! I'm now officially a FAN of You and Your Work. I would be honored to promote you and your services to other Agents within our company, and I intend to do so. I will call you when I've caught up on my work a bit... and learn more about how I can do my job better on the next VA transaction." ~ Tom K. Licensed Realtor
How much USDA Rural Development OTC construction funding can You Qualify For?
You're Ready To Build, So Let's Find Out Now!
We Work Hard To Help You To Obtain Your Dream Loan, For Your Dream Home!
With over 20 years experience helping clients get the best low rate, fixed mortgage possible, we promise to never spam you, sell your information, bombard you with robo-calls, or provide anything but a clear, transparent conversation, from start to close! Start now!
TOUGH ONE TIME CLOSE CONSTRUCTION LOANS DON'T SCARE US, ASK WHY!
USDA Construction, Purchase, & Refinance Home Loans In All 50 States. Large Acreage & Manufactured Property Eligible.
We are proud to present hard working bankers that roll up their sleeves to deliver amazing solutions. With USDA rural loan rograms even available to those whom have been turned down by other banks, or need a focused banker ready to listen and fight for your loan. Put us to work for you, we're ready!