FHA / VA One-Time Close Blog

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Mortgage and Lending - www.OneTimeClose.com
RECENT BLOG POSTS
Hello Bruce, I am a Realtor® here in Houston needing assistance for my Client who is looking to build a home on a lot I have listed. He is a Veteran and would like to be informed of his options on whether there is some sort of Construction Loan or a One-Time Close Loan to convert into a VA mortga...
05/25/2022
If you are one of the many potential homeowners building your new home from scratch, you might be considering a Construction to Permanent Loan, also known as the One-Time Close loan, which allows you to finance the lot purchase, construction, and permanent mortgage with a single loan and closing....
04/01/2022
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