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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