Shop Mortgage Options & Compare Rates for FREE!

Use the quick & easy tool below to find out what you qualify for.

One-time Close Construction Loan for Builders

Reach More Customers


  • Lower Down Payment: Clients can qualify with as little as 3.5% down for FHA, 0% for VA and USDA One-time Close Construction Loan for Builders
  • PMI automatically terminates at 78% LTV (Conventional OTC only)
  • Everything is Inclusive: Finance the home, lot, and permanent mortgage in one loan closing
  • No Worries of Change Orders: Details are secured and cannot be changed
  • Add More Volume: Reach more customers with lower down payment options
  • Generally no re-qualifying: Do not worry about client needing to qualify for a second loan


  • Max loan-to-value (LTV):
    • FHA: 96.5%
    • VA and USDA: 100%
    • Conventional: 90%; 95% for MH Advantage® or CHOICEHome®; 97% when CHOICEHome property is combined with Home Possible or HomeOne
  • FHA/VA/USDA: minimum credit score 620;
    Conventional: minimum credit score 680
  • FHA/VA/USDA: 15 and 30 year fully amortizing fixed
    Conventional: 15, 20, or 30-year fixed; super conforming mortgages (in designated high-cost areas)
  • Newly constructed: 1-unit site-built and modular homes, multi-width manufactured homes
  • Ask me about the No Draw Option