One Time Close Construction Loan

Having trouble finding your dream home? Build it instead or renovate a home today with a One Time Close Construction Loan from Trulend Mortgage!

One Close Construction Loan Features:

  • House construction, remodel or renovation loan
  • Use for Primary residence or second home
  • Min. Down Payment = 10% for primary residence
  • One closing (interest only loan during construction period, then modifies to 15 or 30 year fixed rate loan once home is complete)
  • Interest rate is capped on permanent loan
  • Up to $510,400
  • Maximum renovation funds = 50% of “as completed” value
  • Borrower chooses contractor, subject to Trulend Mortgage verification

At Trulend Mortgage we make sure you can get into your home as soon as possible. A team member is just a phone call or click away.