ONE-TIME CLOSE
Construction-To-Permanent
F H A / V A / U S D A
For Manufactured, Modular, and site-built properties:
Finance the construction, lot purchase, and permanent mortgage all with a single loan.
No re-qualification. No second appraisal
Program Highlights
- No payments due during construction
- No re-qualification once construction is complete
- Single closing reduce total costs
- Realtor commission generally paid in full at closing (prior to construction commencing)
Financing Eligibility
Maximum LTVs:
- FHA: 96.5%
- USDA: 100% of market value
- VA: 100% not including VA funding fee
- 620 minimum qualifying credit score
Eligible Property Types
- New multi-wide manufacturing
- Modular
- 1 unit stick built
Eligible Terms
FHA: 15- and 30- year fixed
(modular and manufactured housing Draw or No Draw Only)
USDA: 30-year fixed
(site built with draws only; modular and manufactured housing Draw or No Draw)
VA: 15- and 30-year fixed
(site built with draws only; modular and manufactured housing Draw or No Draw)
Call Today! (866) 484-8656 x2
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