One-Time Close Construction/Permanent Loan Program

Benefits to buyers include:

  • 620 Minimum credit score
  • $0 cash to close with land equity
  • As low as 3.5$ down payment
  • Up to 6% seller contribution for borrower’s closing costs & prepaids
  • Interest only on funds disbursed during construction
  • Interim construction fees and interest are rolled into the sales price
  • No payments by the borrower until constriction is complete
  • Land Purchase payoff at closing
  • Up to 5 construction draws available after closing
  • The faster the home is completed the more revenue the builder makes
  • Confidently build a custom home for a 620 score borrower without worrying if they are not going to qualify once the home is completed