One-Time Close Construction Loans

A One-Time Close Construction Loan makes funding your new construction home simple.

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What is a One-Time Close Construction Loan?

Our One-Time Close Construction Program combines your construction and permanent financing into 1 loan to simplify the process for you! On Q Financial offers the following one-time close construction program loan types: FHA, USDA, Conventional, and VA.

What are the Benefits?

  • One set of fees covers your construction financing and your permanent mortgage.
  • The loan automatically converts from the initial construction loan to a permanent loan once construction is complete.
  • You only sign one set of closing docs, which covers both the interim construction phase and the permanent loan.

FAQs about Construction Loans

Without a one-time close loan, you will need two separate loans:  one for construction, and another to pay for the home mortgage itself.

Our Mortgage Consultants and staff at On Q Financial strive to make your mortgage process as simple and efficient as possible!

Contact us today to get started!

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Buying a home is a big investment. It’s important to understand everything involved and see how much you can afford.

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