One-time close construction loans are more commonly referred to as construction-to-permanent loans, because the construction loan is converted to a regular or permanent mortgage once your home is complete. There is only one approval process, and the terms of the final loan are known at the initial closing, before construction begins.
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Construction Mortgage Loan. We provide construction loans for custom homes all over Texas. We currently are helping families with construction loans, in Dallas, Fort Worth, Houston, Austin, San Antonio, West Texas and all surrounding areas. No matter where you are at, we can provide you with a Texas Construction Loan.
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Because it's a story loan, it's not going to be standardized like mortgage loans. Construction loans are usually variable-rate loans and priced at a spread to the.
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We pride ourselves on providing low rates and low fee mortgage loans with exceptional service. We were recently in Texas Monthly Magazine for our outstanding customer service. We can typically have you making draws for construction in about 30 day’s total. Most banks take 60 days or more to get the ball rolling. Highlights: Upto 90% Construction Loans One-Time Close Loans