One-Time Close Construction Loan

"I Want a Construction Loan, But I'm Worried I Won't Qualify Later for a Home Loan."

You want to build your own home, but your income isn't stable. With Georgetown Mortgage, you don't need to fear the future with our unique one-time-close construction loan.

“What's a One-Time Close Construction Loan?”

Most banks offer a two-time-close construction loan. This means you have to pay closing costs twice: when the construction loan is approved, and then after construction when you get your permanent loan. Plus, you usually must put down 20 percent of your construction loan before construction starts.

With Georgetown Mortgage's one-time-close construction loan, you will receive the permanent loan you qualified for before construction-no matter what happens to the home value or your financial situation during the building process. Also, your down payment is not 20 percent, but instead whatever is typical for your permanent loan.

You don't have to come back for another closing. It saves on closing costs and takes out all the worry.Georgetown Mortgage Loan Originator

Contact Georgetown Mortgage Today

If you want to build the home of your dreams, but fear not qualifying for a regular construction home loan, contact Georgetown Mortgage today.