Our One-Close Construction Loan finances the land purchase, the entire build, and your permanent mortgage — all in a single loan with a single closing. No juggling three different lenders. No re-qualifying halfway through. One streamlined process from blueprint to move-in day.
3 separate loans, 3 closings, 3 sets of fees
1 loan, 1 closing, 1 set of fees
We review your financials and builder's plans. You get approved for the full amount — land, construction, and mortgage — upfront.
One closing, one set of fees. Your rate is locked. The land is purchased. Construction funding is set up on a draw schedule.
Your builder draws funds in stages as the home progresses. You make interest-only payments on the amount disbursed.
When construction is complete, the loan automatically converts to your permanent mortgage. No second closing. No surprises.
As low as 3.5% down with a minimum 620 credit score. Builder can contribute up to 6% toward closing costs. A strong option for first-time builders who want to keep out-of-pocket costs low.
$0 down for eligible veterans. No PMI. No payments required during construction until occupancy. The ultimate benefit for military families building custom.
Competitive rates for borrowers with strong credit (700+). Down payments as low as 5%. Available for primary residences and second homes.
If you already own your lot, the equity in your land may count toward your down payment — potentially reducing or eliminating your out-of-pocket costs entirely.
Most builds take 6-12 months depending on the home's size and complexity. The loan allows up to 12 months for construction with possible extensions.
During construction, you typically make interest-only payments on the amount disbursed — not the full loan amount. VA borrowers may pay nothing until occupancy.
Yes, but the builder must meet the lender's qualification requirements — proper licensing, insurance, and a track record of completed projects. We'll help verify eligibility early.
Yes — your permanent mortgage rate is locked before construction begins, protecting you from increases during the build. Some programs offer a float-down option if rates drop.
Absolutely. The One-Close Construction Loan finances land acquisition, site preparation, all construction costs, and your permanent mortgage — all under one loan.
The information on this page reflects current program guidance from the agencies below. For the most authoritative and up-to-date details, refer directly to these primary sources or speak with our team.
Express Home Loans, LLC (NMLS #2485075) is an independent mortgage broker and is not affiliated with, endorsed by, or acting on behalf of HUD, the VA, the FHA, the CFPB, Fannie Mae, Freddie Mac, MSHDA, or any government agency. Links are provided for reference only. Program terms and availability are subject to change and to lender and agency approval.