One Close Construction

One Close Construction/Renovation to Permanent Loans

One Close Construction & Renovation to Permanent Loan programs are for borrowers hiring a qualified builder to construct, renovate,  or remodel their home or vacation residence (self builds considered). Both construction and permanent financing are provided in one easy process. Once your home has been completed with the appropriate construction funding, the loan becomes a permanent loan with no additional closing

Capital First’s experienced professionals, and 30 years of knowledge in construction lending  walk you through every step of the process. Talk to someone who completely understands your scenario and the events needed to build a home from start to finish.

Advantage:

• Get prequalified as soon as you are ready —at no charge.
• All rates and costs provided within 3 hours of receiving your inquiry via our online easy request form or by phone.
• 30 year Fixed Rates available at traditional  mortgage rates or multiple ARMS at even lower rates
• No points or origination fees—lowest closing costs in the industry
• Same rate during construction –lock in prior to closing construction to permanent,  and reduce any long term interest rate risk
• Land or existing home purchase may be included in the loan
• Loan amounts of $100K- 10MM
• 12-18 month construction term (Longer for larger projects)
• Fast pre-qualification, typically within 2-3 business days (faster upon request for rush situations)
• Flexible draw schedules for stick built and Modular homes
• Interest only payments charged only on the amount disbursed with flexible payment options during  or after the construction term
• Interest only options that can continue up to 7 years
• Additional incentives for those opening checking accounts
• Renovation loans welcome—-80% of the future value based on an appraisal of the Plans and Specifications on the planned improvements regardless of current “As Is” values or costs for improvements/construction-renovation as so many others do
• Recommendations for and from builders, architects, realtors and attorneys as well as other current and prior clients upon request. Hear what others as well as professionals have to say
• Most common sense approach to underwriting, approving and servicing this unique product
• Up to 90% of costs or value financing available (This is NOT a government insured 203k type loan)
• Only fee prior to closing is an appraisal of the home per your plans and specifications
• Building documents not needed to be pre-qualified or simply discuss the project and your scenario
• Building permits not needed to close on the initial land or property acquisition disbursement. Construction draws begin once permit is in place. Receive up to 10% of building contract at closing to offset out of pocket soft or hard costs prior to closing
• Your Builder or General Contractor does not need to be approved as required by many lenders so no disturbing searches of your contractors references or credit. Just need to see proper insurance
• All funding provided by large trusted lending institution

All product information and loan documents can be exchanged via secure email for your convenience. No need to talk to a salesperson