Products & Services

Current Offerings:

FHA One Close Construction/Permanent Loan

Our FHA One Close program offers many advantages to the borrower and the builder. The borrower's out of pocket costs are kept to a minimum by rolling most closing costs, construction soft costs and construction interest into the total price of the transaction. By statute, the minimum down payment required from the borrower is only 3.5% of the contract price. These funds may come from the borrower's own saving, a gift from relatives, secured borrowing or land equity. Qualification standards are liberal and credit score requirements are much lower than for typical conventional construction loans.

Highlights:

Minimum down payment or land equity needed.
Lower credit scores accepted.
No payments during construction.
No requalification when home is complete.
Primary residence, single family, detached only.

The FHA One Close Construction/Permanent Program is available in the following states:

CO, CT, DC, DE, GA, IA, IL, IN, KS, KY, MA, MD, MI, MO, NC, NE, NH, NJ, NM, NY, OH, PA, SC, TN, UT, VA, VT, WI, WV and WY.