How a one-time close loan actually works.

Pre-Qualify

Before any plans are drawn, we review your credit, income, and target project budget. The goal is a firm understanding of what you can build - total project cost, land cost, and the permanent monthly payment range you'll convert into once construction wraps. Pre-qualifying early prevents the most common construction-loan headache: discovering halfway through design that the project doesn't pencil.

Approve the build

Your builder and plans go through a single underwriting pass. We collect builder credentials and references, the construction contract, plans, and the cost breakdown. The same underwrite that approves you as a borrower also approves the project - no second qualification later.

Single closing

You sign once. That closing funds the lot purchase (if applicable), the construction draws to follow, and the permanent mortgage that converts at the end. One set of closing costs, one title insurance policy, one signing date.

Construction draws

As your builder completes milestones, inspected draws release funds. You pay interest only on the funds that have been drawn - not on the full loan amount. This protects your cash flow during the build, especially if you're also paying rent or a current mortgage.

Automatic conversion

When the certificate of occupancy is issued and construction is complete, the loan converts to a permanent mortgage on its pre-set terms. No second closing, no re-qualifying, no second appraisal. Move in, start your normal monthly payments, and the construction-loan phase is behind you.