Available for those who want to build their new home
Waterfront views. Game rooms. Granite countertops. Mechanic’s garages. Everyone has their own ideas of what a perfect home is like, but let’s face it—they’re not always available on the market. This custom-tailored loan product offers you the chance to both build and finance the home of your dreams—all with just one application and one closing. Division Mortgage Group offers one-time-close loan options using Conventional, FHA, VA, and Rural Housing loan programs to build and finance your perfect home.
Combining the traditional three-phase, two separate closings Construction-to-Permanent loan into one closing and one interest rate
- Down payment as low as 3.5%
- No payments due from borrower during construction
- Borrower’s first payment begins once contruction is complete
Features and benefits
- Consolidate construction and purchase for only one set of closing costs and fees
- Pay just interest-only payments during construction
- Option to avoid requalification post-construction available
- Rate can be locked at any time during the loan application/process
- Simple and flexible draw process with no set schedules
These materials are not from HUD or FHA and were not approved by HUD or a government agency.