GET QUALIFIED with Our Creative Financing Solutions. We may be able to help you qualify when others’ can’t!

Save time and money with Real Estate Resource Home Loans' Construction to Permanent loans for new manufactured homes, modular homes, and one-unit stick built construction. We are currently offering Construction-to-Perm loans in Illinois, Indiana, and Florida.

Why consider a 1-Time Close Loan? These fixed rate FHA and VA financing solutions provide construction financing, lot purchase financing, and permanent financing for when construction is complete as one loan. Thus, borrowers can take out a single loan instead of having to deal with three separate mortgages! Plus, there is no re-qualification and no second appraisal is needed.

How Does It Work? We approve the permanent portion of the loan before the construction of the home begins. Once all conditions for closing are cleared, the final construction of the home may begin. No payments are due from the borrower during construction.

FHA 1-Time Construction to Perm Eligibility Guidelines*:

Eligible Types of Homes for FHA:

• Double and Triple Wide Manufactured Housing
• Modular Homes
• 1 Unit Stick Built Housing
• Single Wide Manufactured Housing is not Permitted

Credit & Down Payment Criteria:

• Min. 620 Score Required for all Borrowers
• Min. 3.5% Down Required (96.5% CTLV)

VA 1-Time Construction to Perm Eligibility Guidelines*:

Eligible Types of Homes for FHA:

• 1 Unit Stick Build Housing-Primary Residence
• New Manufactured HousingPrimary Residence (multiwide only; singlewide units not permitted).
• Modular Homes-primary residence

Credit & Down Payment Criteria:

• Min. 620 Score Required for all Borrowers
• 100% Financing Available not including the VA Funding Fee

*Additional terms and conditions may apply. Loan approval, rate and terms are dependent on a borrower's credit score and financial history.

As a rule of thumb, it may be harder to qualify for fixed-rate mortgage loans than for adjustable-rate mortgage loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

"Program availability, rates, and terms are subject to change. Specific loan terms, including repayment period, APR, and payment schedule, will be provided in your Loan Estimate."