Home Construction Loan Program (OTC)

One-Time-Close FHA, VA, USDA Loans

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Builder Benefits

  • Lower Down payment: clients can qualify with as little as 3.5% down for FHA, 0% for VA and USDA with a one-time close
  • Everything is inclusive: includes land, building, and more in one loan
  • No worries of change orders: details are secured and cannot be changed
  • Add more volume: reach more customers with a lower down payment
  • No re-qualifying: do not worry about client needing to qualify for a second loan

Product Features

  • Max LTV 96.5% through FHA or 100% through VA and USDA
  • Single Closing reduced total costs
  • 630 minimum qualifying credit score
  • 15 and 30 year rates available
  • 1 unit single-family residences, double wide and triple wide manufactured homes, site-built homes, and modular homes permitted