Are you ready to build the home of your dreams? Congrats on this exciting time We love seeing our clients enjoy their home design and construction process. Our One Time Close Construction Loan makes your mortgage process as simple as possible, because you want to focus on the details of your new home (and we can’t blame you).
What is a One Time Close Construction Loan?
American Mortgage Corporation One Time Close Construction Loan program helps streamline the process of building your dream home and securing permanent financing. A single loan covers your construction costs and mortgage. One loan. One closing. One easy process.
What are the Benefits of This Loan Program?
Benefits include:
- FHA (3.5%), VA (100%), USDA (100%), Conventional (5%) downpayment required
- Hassle-free draw process for builders
- Interest-only payments on outstanding loan balance during construction
- Adjustable-rate mortgage (ARM) and fixed-rate options for permanent financing which begins after construction is completed
- After construction is completed principal & interest (P&I) payments begin
How Can I Learn More About the Application Process for This Loan Program?
Contact American Mortgage Corporation today and a qualified home loan professional will walk you through the One Time Close Construction Loan application process and answer any questions that may arise.
We’ll work with you and your builder from start to finish to ensure a smooth loan process, so you can focus on creating the home of your dreams. Get started with a pre-approval today!
