Construction loans

Loans referred to as 'One-Time-Close' loans offer a construction loan component and then when the construction is complete, the lender rolls the balance into the long term loan, so the borrower only has one loan signing and escrow closing. Typically, these type of construction loans are for folks looking to build a home for their own occupancy. There are strict requirements on the contractor, time constraints, and they come with higher costs and equity requirements than for traditional financing. If you need help finding such a loan, please reach out. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.