Level Up Mortgage Lending | FHA Loan

One-Time Close Construction Loans

Build your home with confidence using a One-Time Close Construction Loan. This program finances both the construction phase and the permanent mortgage in a single transaction — saving you time, money, and stress. Available in VA, FHA, Conventional, and USDA loan types, it’s one of the most flexible ways to build your dream home.

Eligible loan types include VA, FHA, Conventional, and USDA construction loans. Our builder draw system ensures contractors are paid on time, while you maintain control over the design, materials, and features. You'll also save money by combining two closings into one.

House under construction with blueprint and crane illustration
TMP | FHA

Key Characteristics

1) Finance land purchase, construction, and permanent mortgage in one closing.

2) Flexible payment options during construction phase.

3) Converts seamlessly into a long-term mortgage once the build is complete.

4) Supports multiple property types, including stick-built, modular, and manufactured homes.

5) Eligible loan types: VA, FHA, Conventional, and USDA construction loans.

6) Builder draw system ensures contractors are paid on time.

7) Borrowers gain control over design, materials, and features.

8) Lower costs compared to doing two separate closings.

Level Up Mortgage Lending | FHA Loan
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5) FHA loans allow for higher debt-to-income ratios, which can help borrowers with higher levels of debt qualify for a mortgage

6) FHA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums

7) FHA loans offer options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.

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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov

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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov