🏗️ One-Time Close Construction
Build it once. Close it once.
A One-Time Close (1XC) construction loan finances the build and the permanent mortgage in a single closing. You qualify once, lock your terms once, and skip the second round of closing costs and the risk of re-qualifying after the house is done. In a state where a lot of people build instead of buy, it’s one of Mel’s most-asked-about products.
Is this you?
One-Time Close Construction tend to be a great fit for…
- Buyers building a new home on land they own or are purchasing
- Anyone who wants to avoid a separate construction loan plus a second closing
- Military and VA-eligible buyers — VA one-time close is available for qualified borrowers
- Buyers who want their rate and terms settled before the first nail
Questions people actually ask
One-Time Close Construction: straight answers
How is a one-time close different from a regular construction loan?
A traditional construction loan is short-term and must be refinanced into a permanent mortgage when the home is finished — two closings, two sets of costs, and you re-qualify at the end. A one-time close combines both into a single closing with your permanent terms set up front.
Can I use my VA benefit to build?
Yes — VA one-time close construction financing exists for qualified borrowers, with VA’s no-down-payment and no-monthly-mortgage-insurance features. Builder approval and VA property requirements apply. Mel walks you through the specifics.
What do I need to get started on a construction loan?
A builder (licensed and approvable), plans and specs, a construction contract or budget, and the usual income/credit documentation. Land you already own can often count toward your equity in the project.
Keep exploring
Conventional Loans
The workhorse of home financing — flexible terms, competitive costs, and down payments as low as 3% for first-time buyers.
Learn more →FHA Loans
The first-time buyer favorite — 3.5% down, friendlier credit requirements, and forgiving guidelines for real-life finances.
Learn more →VA Loans
For those who served — $0 down, no monthly mortgage insurance, and some of the strongest terms in all of lending.
Learn more →Not sure if one-time close construction are right for you?
That’s literally what Mel is for. One conversation, all your options side by side, zero pressure to move forward.