Capital Home Mortgage Tennessee

Tennessee Construction Home Loans

Tennessee construction Lender

Welcome to Capital Home Mortgage Tennessee,  where we strive to provide Tennessee homebuyers wanting to build their dream home a variety of Tennessee Construction Loans, including the One Time Close Tennessee Construction Home Loans.  If you are looking to build a home in Tennessee 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 a Tennessee One Time Close Construction Lender we understand that building a home can be overwhelming, which is why Capital Home Mortgage Tennessee offers dedicated points of contact throughout the Tennessee 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 Tennessee 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 (615) 549-5666 to speak to one of our Tennessee Construction Loan Officers.

Tennessee one time close home mortgages

One-time close construction loans in Tennessee, sometimes referred to as “construction-to-permanent” loans, are a kind of funding that combines the permanent mortgage and the building phase into a single loan package.  

Borrowers only have to go through the loan application and approval process once when they apply for a one-time close construction loan. Compared to applying for separate loans for construction and permanent financing, this streamlines the financing procedure.Borrowers save time and paperwork because the construction and permanent finance are consolidated into a single loan. Once construction is finished, there’s no need to reapply for a mortgage, which can be especially helpful if interest rates increase while work is underway.

Fixed interest rates are usually available for both the construction period and the permanent mortgage on one-time close construction loans. This gives borrowers a stable and predictable monthly payment schedule.One-time close construction loans only require one closing procedure, as opposed to standard construction loans that call for two closings—one for the construction loan and another for the permanent mortgage. Borrowers save money and time by doing this.

As work is completed, money is paid to the builder or contractor gradually over the construction period. During construction, borrowers usually do not make payments on the monies that have been disbursed. The loan becomes a conventional mortgage after construction is finished, and borrowers start paying principle and interest.

For both the construction loan and the permanent mortgage, borrowers must fulfill the eligibility standards set forth in the lending programs. This covers elements including income, down payment, debt-to-income ratio, and credit score.

There will be particular specifications for contractors or builders working on the project. A builder must hold a license, be insured, and have experience working on projects of a comparable nature. Before authorizing a one-time close construction loan, comprehensive project plans, construction contracts, and cost estimates must be obtained. Comprehensive documentation defining the project’s scope must be provided by the borrower.

For borrowers in Tennessee wishing to expedite the loan application process and finance the building of a new house, one-time close construction loans may be a compelling choice.

Tennessee One Time Close Construction Loans

Features of Tennessee 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.

Tennessee 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 Tennessee 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. 

Tennessee Single Family Home

Tennessee Manufactured Home

Tennessee Modular Home

Tennessee Barndominium Home

Types of Texas 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. 

Tennessee FHA Home loans

Tennessee VA Home Loans

Tennessee USDA Home Loans

Tennessee HUD 184 Home Loans

Tennessee Conventional Loans

Apply For a One Time Close Tennessee Construction Loan

The construction of a new Tennessee home is a significant undertaking with numerous factors to consider.  With a Tennessee One-Time Close Construction Loan, Capital Home Mortgage Tennessee 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 (615) 549-5666 to speak to one of our Tennessee Construction Loan Officers.

Why Tennessee 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

Tennessee 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

Tennessee 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

Tennessee Mortgage Company Reviews

Tennessee Mortgage Team

Sam Klaburner

Sr Loan Officer
NMLS #140132

Rebecca Solomon

Sr Loan Officer
NMLS #156188

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506
Tennessee Mortgage Programs

Tennessee Purchase loans

Looking to Purchase a Tennessee 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

Tennessee Renovation Home Loans

Looking to Rehab a Tennessee 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

Tennessee FHA Home loans

Great 1st Time Tennessee 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

Tennessee va Home Loans

100% Financing for Tennessee 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

Tennessee Conventional Home loans

Flexibility for Tennessee 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

Tennessee Jumbo Home Loans

Tennessee 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

Tennessee USDA Home loans

100% Tennessee 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

Tennessee Native american Home Loans

Tennessee 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

Tennessee Manufactured Home loans

Great Tennessee 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

Tennessee Reverse Mortgage Loans

Your Tennessee 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

Tennessee Non QM Home loans

Making Tennessee 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

Tennessee One Time Close Home Loans

Build Your Tennessee 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

Tennessee Refinance Mortgage loans

Tennessee 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

Tennessee Cashout Mortgage Loans

Tennessee 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

Tennessee Cities

Nashville Home Loans

Memphis Home Loans

Knoxville Home Loans

Chattanoga Home Loans

Clarksville Home Loans

Murfreeboro Home Loans

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