Capital Home Mortgage Oklahoma

Oklahoma Construction Home Loans

Oklahoma one time close construction Lender

Welcome to Capital Home Mortgage Oklahoma,  where we strive to provide Oklahoma homebuyers wanting to build their dream home a variety of Oklahoma Construction Loans, including the One Time Close Oklahoma Construction Home Loans.  If you are looking to build a home in Oklahoma we a program to fit every individuals particular needs.  Whether you are looking to build your first starter home, needing a larger family home for the kids to grow up in or looking to downsize into the retirement bungalow we have the solution.  As an Oklahoma One Time Close Construction Lender we understand that building a home can be overwhelming, which is why Capital Home Mortgage Oklahoma offers dedicated points of contact throughout the Oklahoma One Time Close Construction Loan process.  This  provides a stress-free experience resulting with an on-time closing and a smooth construction process. 

Capital Home Mortgage Oklahoma manages the entire lending process from application, to builder approval to move in date.  Our in-house processing, underwriting construction management enables for quick common sense approvals. 

Call Today (800) 960-4565 to speak to one of our Oklahoma Construction Loan Officers.

Oklahoma one time close home mortgages

Oklahoma one-time close construction loans, also known as “construction-to-permanent” loans, are a type of financing that covers both the construction phase and the permanent mortgage in a single loan package.  With a one-time close construction loan, borrowers only need to go through the loan application and approval process once. This simplifies the financing process compared to obtaining separate loans for construction and permanent financing.  Since the construction and permanent financing are combined into one loan, borrowers save time and paperwork. There’s no need to reapply for a mortgage once the construction is complete, which can be particularly beneficial if interest rates rise during the construction period.

Oklahoma One-time close construction loans typically offer fixed interest rates for both the construction phase and the permanent mortgage. This provides borrowers with stability and predictability in their monthly payments.  Unlike traditional construction loans that require two separate closings (one for the construction loan and another for the permanent mortgage), one-time close construction loans involve a single closing process. This saves borrowers time and closing costs.

During the construction phase, funds are disbursed to the builder or contractor in stages as work progresses.  Borrowers typically don’t make payments on the disbursed funds during construction. Once construction is complete, the loan converts to a traditional mortgage, and borrowers begin making principal and interest payments.

Borrowers need to meet the loan programs qualification requirements for both the construction loan and the permanent mortgage. This includes factors such as credit score, income, debt-to-income ratio, and down payment.

There will be specific requirements for builders or contractors involved in the project.  Builders need to be licensed, insured, and have a track record of completing similar projects.  Detailed project plans, construction contracts, and cost estimates before approving a one-time close construction loan.  Borrowers need to provide comprehensive documentation outlining the scope of the project.

One-time close construction loans can be an attractive option for borrowers in Oklahoma looking to finance the construction of a new home while simplifying the loan process.

Oklahoma One Time Close Construction Home Loans

Features of Oklahoma 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.

Oklahoma 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 Oklahoma Homes that Qualify for One Time Close Construction Loans

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. 

Oklahoma Single Family Home Loans

Oklahoma Manufactured Home Loans

Oklahoma Modular Home Loans

Oklahoma Barndominium Home Loans

Types of Oklahoma Homes Loans 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, USDA, 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. 

Oklahoma FHA Home loans

Oklahoma VA Home Loans

Oklahoma USDA Home Loans

Oklahoma HUD 184 Home Loans

Oklahoma Conventional Loans

Apply For a One Time Close Oklahoma Construction Loan

The construction of a new Oklahoma home is a significant undertaking with numerous factors to consider.  With a One-Time Close Construction Loan, Capital Home Mortgage Oklahoma is here to facilitate this process.  From ground breaking 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 Today (405) 310-8850 to speak to one of our Oklahoma Construction Loan Officers.  
Why Oklahoma 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

Oklahoma Construction 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

Oklahoma 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

Oklahoma Mortgage Company Reviews

Oklahoma Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Rebecca Solomon

Sr Loan Officer
NMLS #156188
Oklahoma Home Mortgage Programs

Oklahoma Home Purchase loans

Looking to Purchase an Oklahoma 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

Oklahoma Renovation Home Loans

Looking to Rehab an Oklahoma 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

Oklahoma FHA Home loans

Great 1st Time Oklahoma 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

Oklahoma va Home Loans

100% Financing for Oklahoma 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

Oklahoma Conventional Home loans

Flexibility for Oklahoma 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 Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Oklahoma Jumbo Home Loans

Oklahoma Non-Conforming 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

Oklahoma USDA Home loans

Oklahoma 100% Rural 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

Oklahoma Native american Home Loans

Oklahoma 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

Oklahoma Manufactured Home loans

Great Oklahoma 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

Oklahoma Reverse Mortgage Loans

Your Oklahoma 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

Oklahoma Non QM Home loans

Making Oklahoma 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 Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Oklahoma One Time Close Home Loans

Build Your Oklahoma 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

Oklahoma Refinance Mortgage loans

Oklahoma 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

Oklahoma Cashout Mortgage Loans

Oklahoma 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

Oklahoma Cities

Oklahoma City Home Loans

Tulsa Home Loans

Norman Home Loans

Broken Arrow Home Loans

Edmond Home Loans

Lawton Home Loans

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