Get Construction To Finished Home In Just One Loan, Or Two Should You Choose!

We’re one of few lenders in the United States actively closing One-Time & Two-Time Close Construction Loans, and we’ve been doing so for years longer than most. We even tackle tougher programs like Jumbo Construction Loans up to $3 Million, higher on a case-by-case exception basis, VA OTC Construction Loans, Renovation Programs up to $2 million for extensive or historical renovations, and more.

Don’t let anyone fool you; these are tough loans with many moving parts, but they can be closed successfully as we process and close them daily. Handling all processing, paperwork, and draw schedules from start to finish. Working with you, your builder, architects, and the whole team you bring in will help coordinate for a smooth build and happy outcomes!

Our bankers and support team can help no matter where you are in the process—whether you already have land or are just starting the search. They can communicate with or recommend builders to you, facilitate all facets from start to finish, including disbursing the draws to project completion, and more.

Check your construction eligibility today, share your details, and find the latest rates and options. Also, speak to your banker about qualifying for up to $50,000 extra before or after closing, which you can use as you wish. 

AND… If you don’t yet have a real estate agent and are searching for land, a home to renovate, a new home to buy, or even need to sell a home, we can pair you up with one of our incredible local agents who will offer up to 30% of their commissions back as a closing costs credit. This is worth you hundreds, if not tens of thousands, over your home ownership journey!

Our One-Time & Two-Time Close Construction Loan Program Highlights

• 640 minimum credit score required

• Conforming, High-Balance, and Jumbo Loans to $3+ Million.

• Single Family, 1-4 Unit Multi-Family, Primary Residence, 2nd Homes, and Accessory Dwelling Units Eligible.

• Available in all 50 states.

• Up to 100% under our VA program for Veterans.

• 1 Loan vs. 3 saves closing costs, appraisals, title fees, & down payments when factoring in land loan, construction loan, and final take-out loan of traditional construction financing.

• One-Time Close Requires NO Re-Qualification once construction is complete.

• One-Time Close Requires NO Re-Appraisal, one appraisal only, completed as if the home was built, so no worries of property values dropping during the build.

• Available land equity can be used towards a portion of or all down payment if owned or purchased simultaneously.

• The land you own with a loan balance remaining will be paid off and rolled into the loan.

• Our construction loan is 100% in place before breaking ground.

• Full inspectors ensure your build is going as planned before payments are made to the builder.

• The builder is never paid for work that is not yet completed outside of the first draw, designed to protect you, the customer.

• Attractive Fixed and Interest Only terms are available.

• No Self-Build and the Buyer can not act as a contractor or complete any work on the home.

• The builder/retailer can offer seller concessions rolled into the closing costs, and VA loans may possibly have zero out-of-closing.

• *Well-qualified borrowers may be eligible for up to $50,000 extra unsecured funds before or at closing to use as they wish.

One-time and two-time Close Construction Loans Allow Up To 100% Financing, Competitive Rates, and even Bridge Financing If Needed.

Plan to live in your home while building another; this can be possible with our bridge financing, where other lenders don’t offer this and may have to force you to sell your property or not qualify. Whether you are just beginning the process or already have land and a builder picked out, we will begin the moment you say start.

You may own your land free and clear, have a balance to pay off, locate land ready to place under contract, or you may not even have found land yet. No matter where you are in the land process, we can help include this land into the loan, apply equity you have in land towards the transaction, or coordinate and pair you up with a relator to help find exactly the spot you want.

Land under contract or with a balance will be funded at the same time as the construction build-out and closing costs. This loan takes you from the start to the end of loan financing—all in one loan or two.

Traditional Construction loans typically require the following:

1. A Separate Land Loan From Bank A: Land lenders often have much higher interest rates, a set of closing costs, an appraisal, a significant down payment, and require monthly payments during construction.

2. A Construction Loan From Bank B: For the builder, usually a separate bank, many lenders also have a higher interest rate, another set of closing costs, another appraisal, multiple inspection fees for draws, require a significant down payment, and require monthly payments during construction.

3. A Construction-to-Perm Loan From Bank C: “Take-out loans” is used last to pay off the construction loan when more traditional construction lenders do not offer end-financing; this is used to consolidate your land loan and construction loan into a new term of your choosing. It’s the last reset to the market rates available at this time.

Three loans require three underwriting decisions, three banks that don’t communicate the whole picture, 20% down on the land and construction means more out of pocket, three sets of closing costs, and monthly payments spread out over multiple loans. We offer this program in one or two loans, depending on what is best for your equity position on land, market conditions, and the rates available.

As a 50-State FDIC Bank, we’re honored to offer our suite of construction loans to every state with no territory restrictions.

Ask Us How To Qualify For Up to *$50,000 Extra Before Or At Closing.

We Also Have Full Purchase and Refinance Renovation Loans. Ask Us About Those Details As Well.

Nationwide Home Loans Group Is Providing One-Time & Two-Time Conventional FHA, Portfolio, USDA, & VA Construction & Renovation Loans In All 50 States.

YES: Jumbo Home Financing, Steel/Metal Homes, Barndominiums, Log Cabins, Concrete Block Homes, SIP Panel Homes, ICF Insulated Concrete Foam Homes, Log Cabin Style Homes, 1-4 Unit Multi-Family, 2nd Homes, ADU Accessory Dwelling Units, and Double, Triple, or Quadruple-Wide Manufactured Properties.

Ineligible Property Types: Singlewide Manufactured, Earth Contact, Geodomes, Container Homes, Tiny Homes, Shomes (Shop Homes), A-Frames, Mixed-Use Property, NO Investment Property, Nor Any Commercial Projects. No Self Build or Self Contracting Allowed. *We do not offer new Dealer Manufactured Home Loans in New York.

Are you a veteran who has been thinking about a Manufactured or Modular home loan? Check out our updated Article on everything to know about VA-manufactured homes.

Tough out-of-the-box construction loans don't scare us.

Up To 100% One-Time and Two-Time Close Construction and Renovation Loans For Well Qualified Veterans with Conventional, FHA, Portfolio, USDA, & VA Options.

We proudly present a hard-working team designed to deliver multiple options, programs, and solutions geared toward those turned down by other banks. We come ready with bankers eager to listen and fight for you.