Why You Should Consider A One-Time Close Construction Loans
American Property Financial offers our FHA and VA borrowers a One-Time Close Construction Loan. This program allows you to build your home on land. You own or buy land to build your future custom home. This is a program that allows you to take care of the mortgage process and the construction loan process all at once. This program keeps all the low or no down payment advantages of the FHA and VA home loan programs, and allows you to also lock in your interest rate at closing. You don’t need to worry about interest rate going up when building your home.
Another great feature of this program is that it can be used for traditional site built housing and manufactured homes.