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:

  • Home construction loan
  • Min. Down Payment = 5% for primary residence. Land value may be used as a down payment on a refinance transaction.
  • Interest rate is capped on permanent loan
  • Interest only loan during construction for up to 12 months, then modifies to 15 or 30 year fixed rate loan once home is complete
  • Eligible for Primary residence or Second home
  • Borrower chooses contractor, subject to Trulend Mortgage verification
  • One (1) closing with a simple modification process finalizes your rate and payment once construction completed

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.