One-Time Close

One-Time Close

ONE-TIME CLOSE

CONSTRUCTION-TO-PERMANENT LOAN

Program Summary

For Manufactured, and Modular housing. Financing for construction, lot purchase, and permanent mortgage funding all with a single One-Time Close loan. No Re-Qualification. No Second Appraisal.

Modern manufactured home with gray and white siding

MORE ABOUT ONE-TIME CLOSE

Why worry about re-qualifying or owing additional costs? Designed for Manufactured and Modular housing. This program offers an all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. Because the permanent loan is closed before construction begins, there is no need to re-qualify the borrower, simplifying the construction and purchase process.

PROGRAM HIGHLIGHTS

  • FHA Max LTV 96.5%
  • VA Max LTV 100% (not including the funding)
  • No payments due from borrower during construction
  • No re-qualification once construction is complete
  • Single closing reduces total costs

PROGRAM HIGHLIGHTS

  • Available through FHA and VA
  • 620 minimum qualifying credit score
  • Fixed rate mortgages available
  • 1 Unit single family residences, doublewide and triplewide manufactured homes and modular homes permit.

“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.”

CONTACT ME TODAY

TO LEARN MORE!

Program Specifications

Chuck Utlak |Real Estate Resource Home Loans

Owner/Banker IPH: 708-364-5133

Email: cutlak@rrhomeloans.com

This information is intended for use by Real Estate Professionals only and is not to be distributed to the general public. All loan programs, terms and rates are subject to change without notice. Additional terms and conditions may apply. Loan approval, rate and terms are dependent on your borrower’s credit score and financial history. All rights reserved. Real Estate Resource Home Loans is an Illinois-Indiana-Florida Residential Mortgage Licensee. Real Estate Resource Home Loans/16530 106th Court/Orland Park, IL 60467

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