Construction to Permanent

One-Time Close

Finance the construction and purchase of your modular or manufactured home and lot with a single loan. No re-qualification and no second appraisal.* 

*For borrowers who meet initial and continuing credit and qualifying requirements. 

Learn more about this program:

This one-time close loan for manufactured and modular homes finances the construction, lot purchase, and home acquisition into an all-in-one mortgage loan. If you already own a lot, refinance the land loan with the one-time close mortgage. Because the permanent loan is closed before construction begins, in most cases, there is no need to re-qualify when construction is complete, simplifying the construction and mortgage process. 


  • Conventional fixed-rate mortgage 
    • Mortgage must follow conforming loan limits  
    • Six-month construction term 
    • Includes 15/20/30-year mortgage terms 
    • Lock your permanent rate up-front 
    • If the rate improves during the six-month construction term, you can drop your rate within 30 days prior to conversion to the permanent loan 
    • Make interest-only payments during the construction period 
    • Single closing (one-time closing) reduces total loan costs** 

**Typical loan origination fees in addition to construction management fees apply. 

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