One Time Close FHA/VA/USDA

Why worry about re-qualifying or incurring additional costs? Designed for Manufactured, Modular, and Stick Built housing, This program offers an all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. Because the permanent loan is closed before construction begins, there is no need to re-qualify the borrower simplifying the construction and purchase process.

Program Highlights

  • Max LTV 96.5% through USDA or VA (not including the funding fee)

  • No payment due from borrower during construction

  • No re-qualification once construction is complete

  • Single closing reduces total costs

Financing Eligibility

  • Available through FHA, VA and USDA

  • 620 minimum qualifying credit score

  • 15 and 30 year fixed rates available

  • 1 Unit single family residences, doublewide and triplewide manufactured homes and modular homes permitted.