833-FL-BRAVO
786-429-3521
One-Time Close Construction Loan
A one-time close construction loan offers a streamlined financing solution for individuals or investors looking to build custom homes or properties. It combines construction and permanent financing into a single loan—saving time, reducing paperwork, and simplifying the path from blueprint to move-in.
Contact us to know more
One-Time Close Construction Loan Details
A One-Time Close Construction Loan, also known as a construction-to-permanent loan, offers an all-in-one financing solution for those building custom homes or investment properties. Instead of applying for separate loans—one for construction and another for long-term financing—you get a single loan that covers the entire process, from groundbreaking to move-in. This streamlined approach simplifies the financing journey and provides greater control and clarity from the start.
Convenience: One application, one closing, and a seamless transition to your permanent mortgage.
Cost Savings: Eliminate multiple loan closings and reduce fees.
Predictable Financing: Lock in your rate at the beginning, ensuring long-term stability.
Time Efficiency: Avoid delays between construction completion and mortgage approval.
Construction Phase:
• Funds are disbursed based on milestones
• Interest-only payments while building
• Draws tied to inspection
Permanent Phase:
• Loan converts to standard mortgage after completion
• Regular principal + interest payments begin
• Rate typically locked in from the start
• Interest-only during construction
• Lower down payments than many traditional loans
• Fixed interest rate post-construction
• Construction draws based on completed work
• Built-in contingency reserves for unexpected expenses
If you're planning to build your dream home or invest in new construction, a One-Time Close Construction Loan can simplify financing, save on costs, and give you full control from start to finish. At Bravo Mortgage, we’re here to guide you through every step—turning your blueprint into reality with financing that fits.
Get In Touch With Us
We understand that every dream is unique and personal. If you're ready to take the next step or simply have questions.
