Capital Home Mortgage Louisiana

Louisiana One Time Close Home Loans

One Time Close Mortgage Lender Louisiana

One-Time Close Construction Loan Louisiana

A One-Time Close Construction Loan is a mortgage loan that enables the borrower to acquire construction financing and permanent financing simultaneously. This financing option combines the interim and permanent loan transactions into a single transaction, and the borrower receives approval for the permanent loan before construction commences. This loan is frequently used to finance the construction of a principal dwelling, such as a single-family, site-built home, a newly constructed prefabricated home, or a modular home.

Features of a One-Time Close Construction Loan

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.

It is worth noting that a USDA Single Close Construction Loan, commonly known as a rural development loan, is available in some rural and suburban locations and gives a 30-year fixed-rate mortgage loan with no down payment required.

One-Time Close Construction Loan Benefits

A One-Time Close Construction Loan is a loan that combines the construction and permanent mortgage of a new home into one loan. Some of the advantages of a One-Time Close Construction Loan are as follows:

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 payment: The needed minimum down payment is only 3.5%. (up to the FHA county lending limit).
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.

Apply For A Louisiana One-Time Close Construction Loan

The construction of a new home is a significant undertaking with numerous factors to consider. With a One-Time Close Construction Loan, Capital Home Mortgage Louisiana is here to facilitate this process. From groundbreaking to move-in, we provide a seamless process. Our Loan Officers will work with you and your home builder to ensure everything flows well.

Call us at (504) 584-4415 to speak with one of our Construction Loan Specialists.

Why Louisiana HomeBuyers are Choosing Capital Home Mortgage

Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7 Day a Week Support Application to Final Mortgage Payment

Louisiana 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 mortgage Securities
Property securing the mortgage
occupancy of the property
Loan to value of the property
Borrower’s credit worthiness

Louisiana One Time Close Construction Home Loans

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

Louisiana Mortgage Programs

Louisiana Home Purchase

Thinking of Buying a Louisiana 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

Louisiana renovation home loans

Looking to Rehab a Louisiana 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

Louisiana FHA Home Loans

Great for 1st Time Louisiana 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

Louisiana VA Home Loans

100% Financing for Louisiana 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

Louisiana Conventional Home Loans

Flexibility for Louisiana 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

Louisiana Jumbo Home Loans

Louisiana 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

Louisiana USDA Home Loans

100% Rural Louisiana 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

Louisiana Native American Home Loans

Louisiana 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

Louisiana Manufactured Home Loans

Great Alternative Louisiana Housing

Louisiana reverse mortgages

Your Louisiana 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

Louisiana Non QM Home Loans

Making Louisiana 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

Louisiana One Time Close mortgages

Build Your Louisiana 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

Louisiana Refinance Mortgage Loans

Louisiana 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

Louisiana Cash-out Home mortgages

Louisiana 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.