California construction Lender
Building Your California Dream Home: Experience the Capital Home Mortgage Difference!
At Capital Home Mortgage California, we’re passionate about helping you turn your dream home into a reality. We offer a variety of California Construction Loans, including the convenient One-Time Close Construction Loan, to make the building process as smooth and stress-free as possible.
Why Choose Capital Home Mortgage California for Your Construction Loan?
- Tailored Solutions: Whether you’re building your first starter home, a spacious family residence, or a cozy retirement bungalow, we have a construction loan program to fit your unique needs and budget.
- Streamlined One-Time Close: Our One-Time Close Construction Loan simplifies the process by combining construction and permanent financing into a single loan application. This eliminates the need for separate applications and saves you time and hassle.
- Dedicated Support: We understand that building a home can be an exciting yet complex process. Our team of dedicated Construction Loan Officers will guide you every step of the way, providing personalized support and ensuring a smooth and on-time closing.
- In-House Expertise: As a full-service lender, we handle the entire process in-house, from application and builder approval to final move-in. Our experienced team ensures efficient processing and underwriting for faster approvals.
- Focus on Your Vision: We’re committed to helping you bring your dream home to life. Our focus is on providing exceptional service and making the construction process as enjoyable as possible.
Ready to Build Your California Dream Home?
Contact us today at (323) 767-8899 to speak with one of our experienced Construction Loan Officers. We’ll provide you with a free consultation and answer all your questions.
California Construction Mortgage Rates
California One Time Close Construction Home Loans
- Primary Residence Only
- Close Once
- Lock Rate at Contract
- Traditional Final Mortgage
California one time close home mortgages
Are you looking to build your dream home in California? Consider a one-time close construction loan, also known as a “construction-to-permanent” loan. This innovative financing solution combines the construction loan and permanent mortgage into a single loan package, simplifying the financing process and saving you time and money.
By choosing a one-time close construction loan, you’ll enjoy a simplified financing process that requires only one loan application. This eliminates the need for separate construction and permanent financing loans, reducing paperwork and documentation. Additionally, one-time close construction loans often offer fixed interest rates for both the construction period and the permanent mortgage, providing a stable and predictable monthly payment schedule.
One-time close construction loans also offer a single closing procedure, saving you time and money. Unlike standard construction loans, which require two closings – one for the construction loan and another for the permanent mortgage – one-time close construction loans consolidate the entire financing process into a single, streamlined package.
So, how do one-time close construction loans work? As construction progresses, funds are disbursed to the builder or contractor in stages. Typically, borrowers do not make payments on the disbursed funds during the construction period. After construction is complete, the loan becomes a conventional mortgage, and borrowers begin making principal and interest payments.
To qualify for a one-time close construction loan, borrowers must meet the eligibility standards outlined in the lending program. This includes demonstrating sufficient income, making a down payment, having a manageable debt-to-income ratio, and meeting minimum credit score requirements. Contractors must also meet specific requirements, including licensure, insurance, and experience working on projects of a similar nature.
California One Time Close Construction Loans
Features of California One Time Close Construction Loans
The One-Time Close Construction Loan features a single closing date and interest rate. Borrowers may find this type of loan an affordable alternative because they only need to pay for one closing and may lock in their permanent interest rate. Obtaining a One-Time Close Construction Loan entails numerous procedures, including loan approval by the lender, builder registration, delivering documentation, and drafting drawings and specifications.
California One Time Close Construction Loan Benefits
- Only one application: eliminates the need for the borrower to apply for two separate loans, saving time and effort.
- The borrower saves thousands of dollars in closing costs by eliminating the requirement for two separate closings.
- A single appraisal valuation eliminates the possibility of appraisal surprises because just one evaluation is necessary for the loan.
- Minimum down payments or Zero Down Depending on Loan Program Used.
- A single set of closing documents is used for the One-Time Close Construction Loan, making the process more streamlined and quick.
- Affordability: Because the borrower only has to pay for one closing, they can lock in the permanent interest rate, making the transaction more reasonable.
- Ease of funding: The One-Time Close Construction Loan simplifies the financing of a new house.
Types of California Homes that Qualify for One Time Close Construction Mortgage
The One-Time Close Construction Loan can be used for Single Family Home, Manufactured Homes, Modular Homes and Barndominiums. Due to Current Market Conditions our current Maximum Length of Construction is Limited to 12 months. This is Subject to change with Market.
California Single Family
California Manufactured
California Modular
California Barndominium
Types of California Mortgages that Qualify for One Time Close Construction Loans
The One-Time Close Construction Loan can be used with a several different home loan programs: FHA, VA, Native American HUD 184, and Conventional. Each program has different credit score and loan to value restrictions as well as different fees. This is Subject to change with Market.
FHA Home loans
VA Home Loans
HUD 184 Home Loans
Conventional Loans
Apply For a One Time Close California Construction Loan
Building your dream home in California is an exciting but complex journey. Navigating the construction process can feel overwhelming. That’s where Capital Home Mortgage California comes in. Our One-Time Close Construction Mortgage simplifies the financing, allowing you to focus on bringing your vision to life. From groundbreaking to move-in, we work closely with you and your builder to ensure a smooth and stress-free experience.
Contact us today at (323) 767-8899 to speak with one of our experienced California Construction Loan Officers and let’s make your dream home a reality.
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Final Payment
California Mortgage Company Reviews
California Mortgage Team
California Mortgage Programs
California Purchase loans
Looking to Purchase a California 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, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Home Loans
Looking to Rehab a California Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home loans
Great 1st Time California 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 Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California va Home Loans
100% Financing for California Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional Home loans
Flexibility for California 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
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Confirming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home loans
100% California Rural 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.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native american Loans
California 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
- Purchase, Refinance, and Renovation
California Manufactured Home loans
Great California Alternative 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
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Mortgage Loans
Your California 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
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home loans
Making Carolina Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California One Time Close Home Loans
Build Your California 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 Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Mortgage loans
California 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.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Mortgage Loans
California 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
- Dream Vacation
- Higher Education
CAlifornia Cities