Capital Home Mortgage

One Time Close Home Loans

One Time Close Mortgage Lender

Buying a home is a dream not many can afford. But with a sufficient amount of savings and the determination to see it through, it’s not impossible. If you’re the ambitious kind and have chosen to build your house from scratch instead of buying an already built one, what you’re getting is a construction loan. To explain in full detail, we will tackle construction loans and the many complexities involved in applying for them.  

What Is A Construction Loan?

Anybody looking to build their dream home will use a construction loan. Used to cover the expenses in rehabilitating and building a house, a construction loan is like any other home loan but carries a higher interest during the construction phase and must be converted to permanent financing once completed. Contrary to a commercial home loan determined by the condition of the property and its market value, residential construction loans are based on the projected worth of the property after completion. 

Used to cover the expenses in rehabilitating and building a home, a construction loan is like any other home loan but carries a higher interest during the construction phase and must be converted to permanent financing once completed. Contrary to a commercial home loan determined by the condition of the property and its market value, residential construction loans are based on the projected worth of the property after completion. 

A single-close construction loan is a home loan that the borrower may use to close both the construction phase and the permanent financing of the new home at the same time. Only one loan covers both the interim construction and the permanent loan under one promissory note and one deed of trust with a single closing.

Why HomeBuyers Are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

Capital Home 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

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

Not Sure? Take a Look at Other Capital Home Mortgages

FHA Home Loans

VA Home Loans

Conventional Home Loans

USDA Home Loans

Jumbo Home Loans

Native American Home Loans

Manufactured Home Loans

Renovation Home Loans

One Time Close Home Loans

Non Qualified Home Loans

Reverse Mortgages

Refinance mortgage loans

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