Are you tired of traditional construction loans that require a second credit qualification and closing before a permanent mortgage? Are you wanting to save time and money with a single closing? At Atlantic Premier Lending, we have just the solution for you.
Our Conventional One-Time Close Construction Loan converts to a permanent mortgage in one closing. An all-in-one funding for construction, lot purchase, and permanent mortgage support.
One-Time Close (OTC) Construction Loan
- Permanent Loan is closed one-time, upfront, before construction begins
- Saves money with only one appraisal and one set of closing costs
- No re-qualification once construction is complete
- Interest rate locked at closing minimizing risk of increasing interest rates
- Interest-only payments during construction
- Fast loan qualification and streamlined process