RECENT BLOG POSTS
https://www.themortgagenote.org/guest-voices-veterans-eligible-for-va-construction-loans/ 
05/26/2021
Demand for custom built homes is on the rise and many Veterans who are in the market to build a new home are finding out about the VA guaranteed Construction loan program that has been around for years.  If you are an eligible Veteran and qualify for a $0 Down VA Home Loan, then you qualify for a...
04/07/2021
In all my years of Mortgage Banking, I have not met or spoken with an eligible veteran who has not heard of the $0 down VA home loan program that is partially guaranteed by the United States Department of Veterans Affairs.  This well-deserved home loan entitlement is bestowed upon our Military He...
01/13/2021
There are home loans for borrowers–even first-time home buyers–to allow the construction of a home from the ground up. They are called One-Time Close construction loans and are available from participating FHA, VA, and USDA lenders.One Time close loans, also known as single-close construction loa...
08/24/2020
Buying a home can be challenging for some first-time borrowers. Many newcomers to the mortgage market don’t know all their options open and in that situation it is easy to make choices that are less than fully-informed.One-Time Close construction loans are open to any financially qualified applic...
06/30/2020
Some FHA loan applicants do not realize they have the ability to apply for a One-Time Close mortgage that lets the borrower build a home on their own lot instead of buying an existing construction home. The FHA One-Time Close (OTC) construction loan, like its’ VA construction loan counterpart, is...
06/29/2020
Some house hunters get fed up with looking for just the right home, while others start out their home loan journey knowing in advance they want a house built for them. What options to these borrowers have?There is an FHA home loan known as the FHA One-Time Close construction loan that lets borrow...
04/19/2018
What should you know about FHA home loans for houses, condos, and townhouses? There are plenty of issues to keep in mind including down payment requirements, appraisal rules, and special options.FHA Loan Rules For HousesThe FHA loan handbook, HUD 4000.1, addresses home loans for new houses depend...
04/04/2018
What is the FHA One-Time Close Program? In our previous blog post, we discussed the basics of this FHA construction loan program-what it means to the borrower seeking an FHA new construction loan and how having a single loan (instead of two loans as with typical construction loan situations) can ...
11/19/2017
What is the FHA One-Time Close program? Who is it meant for? These are questions with important answers for potential FHA borrowers who are interested in applying for an FHA mortgage to have property built for them instead of buying an existing construction property.One-Time close mortgages are c...
11/08/2017
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BruceReichstein

VA / FHA Construction Lending / Nationwide
local_phone281-398-6111
local_phone800-518-0099
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