Build Smarter: The Benefits of CCHL’s One-Time Close Construction-to-Permanent Loan Program
What Is a One-Time Close Construction Loan?
Unlike traditional two-step construction loans, CCHL’s One-Time Close program merges the interim construction loan and the permanent mortgage into one transaction. That means:
- One application
- One approval process
- One closing
You lock in your mortgage terms before construction begins, and once your home is complete, the loan automatically converts to a permanent mortgage—no need to requalify.
Key Benefits of CCHL’s One-Time Close Program
- Simplified Process: Only one loan process, making it easier to focus on building your dream home.
- Cost Savings: Lower closing costs by avoiding duplicate fees for appraisals, title insurance, and legal services.
- Locked-In Interest Rates: Secure your rate before construction begins, protecting you from market fluctuations.
- Interest-Only Payments During Construction: Pay only interest on disbursed funds during the build phase.
- No Requalification Needed: No need to requalify when the loan converts to permanent financing.
- Builder-Friendly Structure: CCHL works directly with approved builders for smoother project execution.
Who Is This Loan Ideal For?
- Buyers constructing a primary or vacation home
- Borrowers seeking predictable financing and fewer surprises
- Anyone looking to avoid the hassle of multiple loan closings
Ready to Build?
Capital City Home Loans’ One-Time Close Construction-to-Permanent Loan is designed to make building your home easier, more affordable, and less stressful. Whether you’re just starting your plans or ready to break ground, CCHL’s experienced mortgage consultants are here to guide you every step of the way.
Contact us today to learn more or start your application!
