Capital Home Mortgage Anchorage
Anchorage One Time Close Home Loans
One Time Close Mortgage Lender Anchorage Alaska
One-Time Close Construction Loans in Anchorage Alaska
A one-time close construction loan is a type of mortgage that enables the borrower to obtain both construction and long-term finance at the same time. With this financing option, the borrower receives authorization for the permanent loan prior to the start of construction, and the interim and permanent loan transactions are combined into a single transaction. This loan is usually applied for to fund the building of a primary residence, such as a site-built single-family home, a newly built prefabricated home, or a modular home.
Features of a Construction Loan with a One-Time Close
The interest rate and closing date for the One-Time Close Construction Loan are fixed. Because they only have to pay for one closing and may be able to lock in their permanent interest rate, borrowers may find this sort of loan to be a more inexpensive option. A One-Time Close Construction Loan requires a number of steps to be taken, such as the lender’s approval of the loan, builder registration, the delivery of necessary paperwork, and the creation of plans and specifications.
It’s important to keep in mind that a USDA Single Close Construction Loan, sometimes referred to as a rural development loan, is accessible in some rural and suburban areas and provides a 30-year fixed-rate mortgage loan with no down payment necessary.
Benefits of Construction Loans with One-Time Close
A one-time close construction loan combines the permanent mortgage and construction loans for a new house into a single loan. The following are some benefits of a one-time close construction loan:
Only one application is required, saving the borrower time and effort from having to submit two separate applications.
By doing away with the need for two separate closings, the borrower saves thousands of dollars in closing expenses.
Since only one appraisal is required for the loan, a single appraisal valuation removes the risk of appraisal surprises.
Minimum down payment: Just 3.5% is required as a minimum down payment (up to the FHA county lending limit).
The One-Time Close Construction Loan uses a single set of closing paperwork, streamlining and speeding up the procedure.
Affordability: The transaction is more fair because the borrower just needs to pay for one closing and can lock in the ongoing interest rate.
Funding simplicity: The One-Time Close Construction Loan makes it easier to finance a new home.
Apply for a construction loan with a one-time close.
Building a new house is a big effort with a lot of things to think about. Capital Home Mortgage may help by offering a One-Time Close Construction Loan to streamline this procedure. We offer a seamless procedure from construction to move-in. To make sure everything goes smoothly, our Loan Officers will work with you and your house builder.
To speak with one of our Construction Loan Specialists, call (907) 531-5048.
Why Anchorage HomeBuyers are Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates and Low Fees
Exceptional Service
7 Day a Week Support Application to Final Mortgage Payment
Anchorage Alaska Mortgage Rates
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
One Time Close Construction Home Loans anchorage Alaska
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residence Only
- Close Once
- Lock Rate at Contract
- Traditional Final Mortgage
Anchorage Mortgage Programs
Anchorage Home Purchase
Thinking of Buying an Anchorage Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, Secondary, Investment
- FHA, VA, USDA, Native American
- Conventional, Jumbo, Non QM
- Reverse, Renovation, Manufactured
Anchorage renovation home loans
Looking to Rehab an Anchorage Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan? Purchase the Perfect Home and make it your own. Call today.
- Remodel, Renovate or Repairs
- FHA 203K Streamline or full
- fannie mae homestyle reno
- freddie mac home choice reno
Anchorage FHA Home Loans
Great for 1st Time Anchorage Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payment
- Flexible Underwriting
- Higher Debt to Income Ratios
- Lower Credit Scores OK
Anchorage VA Home Loans
100% Financing for Anchorage Veterans
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- Simply Qualifying for Veterans
- No Down Payments Requirements
- Lower Credit Scores Accepted
- Manual Underwriting Allowed
Anchorage Conventional Home Loans
Flexibility for Anchorage Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.
- Primary, 2nd Home, Investment
- Great Rates & Low Fees
- Single Family and Multi-Family
- Renovation Loan Programs
Anchorage Jumbo Home Loans
Anchorage Non Conforming Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today to speak to a loan officer.
- Primary Residence and 2nd Homes
- Higher Loan Amounts – 3 Million
- Great Interest Rates
- Investor Specific Guidelines
Anchorage USDA Home Loans
100% Rural Anchorage Home Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Rural Properties Only
- Primary Residence Only
- Geographic Restrictions
- Income REstrictions
Anchorage Native American Home Loans
Anchorage HUD 184 Home Loans
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
Anchorage Manufactured Home Loans
Great Alternative Anchorage Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- OTC Land/ Home Combo
- Lock Rate Before Completion
- FHA, VA, USDA, & Native Loans
Anchorage reverse mortgages
Your Anchorage Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- primary residence only
- simple qualifying – equity based
- credit scores not applicable
- Minimum age 62
Anchorage Non QM Home Loans
Making Anchorage Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Rate and Term & Cash-out
- Primary, Secondary and Investment
- Full Doc & Bank Statements Programs
- Corporations OK
Anchorage One Time Close mortgages
Build Your Anchorage Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residence Only
- Close Once
- Lock Rate at Contract
- Traditional Final Mortgage
Anchorage Refinance Mortgage Loans
Anchorage Rate & Term Refinance
Refinancing can be a hard decision and the payback can sometimes be confusing. Call today and let our Loan Officers walk you through the process.
- Reduce Mortgage Term
- Lower Monthly Payments
- Appraisal Waivers
- Streamline Options Available
Anchorage Cash-out Home mortgages
Anchorage Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Vacation or Education