New Construction

New construction loans provide financing for building a home from the ground up, offering flexible options to cover land purchase, construction costs, and the final mortgage. One-Time Close construction loans simplify the process by combining construction and permanent financing into a single loan, eliminating the need for multiple closings and reducing costs.

With a One-Time Close loan, borrowers lock in their interest rate upfront, avoiding market fluctuations during construction. These loans are available for Conventional, FHA, VA, and USDA financing, making them accessible to a variety of buyers, including first-time homebuilders. They also offer streamlined approval and reduced paperwork compared to traditional construction loans.

If you’re planning to build your dream home and want a seamless financing experience, a One-Time Close construction loan can provide convenience and cost savings. This loan structure ensures a smooth transition from construction to long-term financing without the stress of requalifying after the build is complete.

Disclaimer: Loan product guidelines are subject to change. Contact your Caritas Mortgage loan officer for the most up-to-date information.