USDA One Time Close Construction

Build your dream home with no money down! USDA One Time Close Construction loan offers 100% financing, up to the “subject to” appraised value of the finished home.

USDA One Time Close Construction  Loan Features:

  • Only for new home construction
  • Min. Down Payment = 0% (100% financing option per USDA guidelines, excludes applicable closing costs)
  • One closing
  • 30 year fixed rate loan (interest rate locked at close)
  • Payment reserve established at closing to make payments on your behalf during construction phase
  • For eligible primary residences only  per USDA Property Eligibility Site
  • Standard USDA loan limits apply and are calculated based on the property’s “subject to” value
  • Borrower chooses contractor, subject to Trulend Mortgage verification