Build Your Dream Home With a One Time Close Construction Loan!
One loan is a simpler way to finance your dream home
Save Time and Money Today. Apply online: Click here to apply!
If you are considering building a new home then you need to talk with ValueBank Mortgage! We now offer ”One Time Close” construction loans.
What does that mean for you? No duplication of closing documents and a signification reduction in closing costs. Documents will be modified at the end of construction period with a one-page modification document.
- Must be a single family detached dwelling, no condos or manufactured homes
- Primary residence or second home
- 15 or 30 year mortgage
- Loan limit up to $417,000
- Borrower on the permanent loan must be borrower on the interim loan
- Pre approve for permanent financing prior to construction
- Reduced closing costs for borrower
- Appraisal fees
- Title fees
- Escrow fees
- All other closing cost fees
- Avoid borrower’s need to find permanent financing throughout the construction phase
- Fast turnaround time on all draw requests because it is handled internally
- One application for construction to permanent loan to mortgage loan