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Lake Oconee Mortgage Company

One-Time Close Construction Permanent Loans

Building a home is one of the most meaningful and financially important decisions you’ll ever make—and at Capital City Home Loans, we’re here to simplify the process with our One-Time Close Construction Permanent Loan. This innovative and efficient loan program combines the funds needed to purchase your lot and construct your home with the permanent mortgage you’ll use to finance it long term—all in one convenient closing.

By eliminating the need for two separate loans and multiple closings, this solution saves you time, reduces overall costs, and removes the uncertainty of future loan approvals. Most importantly, it gives you the confidence of knowing your long-term financing is secured upfront, even before the first phase of construction begins.

What Is a One-Time Close Construction Permanent Loan?

A One-Time Close Construction Permanent Loan is a streamlined mortgage solution that covers both the cost of building your new home and seamlessly transitions into your permanent home loan once construction is complete. It can also include the purchase of the land you plan to build on, making it an all-in-one financing option. Unlike a traditional two-time-close loan—which requires two separate applications, approvals, and closings—this program simplifies the process with just one application, one approval, and one closing, saving you time, reducing paperwork, and offering greater peace of mind.

During construction, you make interest-only payments, and once your home is complete, the loan automatically becomes a fixed-rate or adjustable-rate mortgage, depending on your selection.

Key Benefits

This all-in-one solution offers several important advantages for homebuyers:

  • One closing saves money on closing costs and streamlines paperwork
  • Locked-in interest rate protects you from market fluctuations during the build
  • No requalification required after construction is complete
  • Interest-only payments during the construction phase help manage cash flow
  • Flexible terms with fixed-rate and adjustable-rate mortgage options
  • Available for primary and second homes

Who Should Consider This Loan?

The One-Time Close Construction Permanent Loan is ideal for:

  • Buyers building a custom or semi-custom home
  • Individuals purchasing land and building at the same time
  • Borrowers who want to avoid the uncertainty of a second closing
  • Homeowners looking to lock in their rate from the start
  • Buyers working with a licensed builder and formal construction contract

General Loan Requirements

Borrowers applying for a One-Time Close Construction Permanent Loan typically need to meet the following criteria:

  • Minimum credit score of 680 or higher (varies by loan type)
  • Debt-to-income ratio generally below 45%
  • Down payment starting at 5%, depending on loan program (Conventional, FHA, or Jumbo)
  • Documented income and asset verification
  • Builder contract, construction budget, and plans required
  • Property must be a site-built home on owned or financed land

At Capital City Home Loans, we offer several types of one-time-close programs to fit your needs—including Conventional, FHA, and Jumbo options.

Lake Oconee Office – Your Local Construction Lending Experts

Our Lake Oconee Office in Greensboro, GA, proudly serves homebuyers throughout the region with tailored construction lending support. We’ll work closely with you, your builder, and your real estate team to ensure a smooth process from groundbreaking to move-in.

Lake Oconee Office
1020 Parkside Commons | Suite 102, Office 101-G
Greensboro, GA 30642
Phone: 706.225.8554

Our team understands the unique timelines, documents, and milestones required during the construction phase and is here to help every step of the way.

Build with Confidence

With a One-Time Close Construction Permanent Loan from Capital City Home Loans, you can simplify the construction process, secure long-term financing, and move forward with confidence—all with just one closing.

Contact us today to get pre-qualified and speak with a dedicated construction loan expert. Let us help you turn your dream home into a reality—on your land, on your terms, and with a trusted partner by your side.