1x and 2x close options
Construction Loans
Financing to build a new home, with one-time close or two-time close options depending on your situation.
A construction loan finances the building of a new home. With a one-time close (single-close) construction loan, your construction financing and permanent mortgage are combined into a single loan and closing - you lock your rate once and don’t need to requalify or close again once the home is finished.
A two-time close construction loan separates the process into two loans: a short-term construction loan to build the home, followed by a separate permanent mortgage once construction is complete. This can offer more flexibility in some scenarios, though it does mean two closings.
We’ll help you decide which approach makes sense for your build timeline and budget.
Ready to see if Construction Loans is the right fit for you?