ESPAÑOL

VA · FHA · CONVENTIONAL

Build the home
you actually want.

One-Time Close construction financing may combine eligible land, construction costs, and permanent financing into one coordinated loan structure—with the goal of getting the project from dirt to doorstep with a clear game plan.

BUILD MY CONSTRUCTION GAME PLANEXPLORE MY BUILD OPTIONS

THIS IS A PROJECT, NOT JUST A MORTGAGE.

01 / 06LAND
ONE CLOSING.ONE PROJECT.ONE GAME PLAN.

01 · START WITH THE PROJECT

Where are you in the build?

You do not need every answer yet. Start with what you already know.

PERFECT. YOU DO NOT NEED A FINISHED SET OF PLANS TO START THE CONVERSATION.

Next things worth understanding:
  • where you want to build
  • rough project range
  • land strategy
  • target timeline
  • builder / architect planning
  • financing possibilities

YOUR BUILD SNAPSHOT

Let’s see what pieces are already in place.

STEP 1 OF 4
DO YOU ALREADY OWN THE LAND?

02 · RUN THE BUILD NUMBERS

What does the whole project actually look like?

Land. Construction. Existing equity. Cash. Financing. Permanent payment. Put the pieces together before the project gets ahead of the numbers.RUN MY BUILD NUMBERS
PROJECT FOOTPRINTKnown land, construction, contingency, and other project costs.FINANCING NEEDEstimated amount to finance after entered debt, costs, and planned cash.
01 · START WITH THE LAND

What’s happening with the land?

No problem. Use a planning number now, or leave it blank and model construction first.

02 · BUILD THE HOUSE

What do you expect the build to cost?

This may represent the builder contract, labor, materials, and standard scope. Not every project cost is eligible to be financed.

02 · COMPARE THE PATHS

Which build paths are worth comparing?

There is no perfect construction loan. The right path depends on the borrower, property, project, builder, and complete scenario.

03 · FROM DIRT TO DOORSTEP

A clear path through a project with a lot of moving parts.

Understand whether the land is already owned, financed, being purchased, or part of the construction transaction. The land position may materially affect the project and financing strategy.

04 · UNDERSTAND THE MONEY FLOW

One loan.
A lot of moving parts.

LAND+CONSTRUCTION+ELIGIBLE PROJECT COSTS=THE PROJECT
AT CLOSINGThe financing structure is established.
DURING CONSTRUCTIONEligible funds are released through draws as work progresses.
AT COMPLETIONThe loan moves into its permanent phase according to the applicable program structure.

05 · YOUR GUIDE

Construction has a lot of moving parts.
Good. I like moving parts.

My job is to help connect the land, builder, plans, budget, financing, and timeline so the project makes sense before small problems become expensive ones.
01

YOU WORK WITH ME

No call-center shuffle. You have direct access to Clay for the financing strategy and project conversation.

02

I UNDERSTAND THE NUMBERS

Construction financing is not only about the final payment. Land equity, budget, project value, costs, and timing all connect.

03

I SPEAK BUILDER + BORROWER

The borrower, builder, and lender need to understand the same project from different perspectives. Clear communication matters.

04

WE PLAN BEFORE WE CLOSE

The cleaner the project is before closing, the better positioned everyone is to understand the process that follows.

05

IN-HOUSE CONSTRUCTION SUPPORT

A coordinated CrossCountry Mortgage construction team supports the applicable process from planning through completion.

06

PROBLEMS GET ADDRESSED EARLY

Construction projects can change. The goal is to identify questions early, communicate clearly, and keep financing connected to the project.

COMMON ONE-TIME-CLOSE CONSTRUCTION QUESTIONS

Clear answers before the project gets complicated.

What is a one-time-close construction loan?+

A construction-to-permanent structure that establishes eligible construction and permanent financing through one coordinated closing, subject to the complete scenario.

Can land be included in a construction loan?+

Land acquisition may be included when the program, transaction, property, borrower, builder, and project qualify.

What if I already own the land?+

Owned land and possible equity can become part of the financing conversation. Existing liens, value, costs, and the full structure still matter.

Can land equity help with a construction project?+

It may. The usable amount depends on supported land value, existing debt, program rules, and the complete project.

What does a construction draw mean?+

A draw is a release of eligible construction funds as verified work progresses under the approved process.

Do I need a builder before applying?+

Not necessarily to begin a conversation, but an eligible builder and defined project will be required before closing.

How does an as-completed appraisal work?+

The appraisal evaluates plans, specifications, site, and market data to form an opinion of the proposed completed property’s value.

Can Veterans use VA financing to build a home?+

Eligible Veterans and qualifying military borrowers may explore VA one-time-close financing when borrower, builder, property, and project requirements are met.

Does FHA offer construction-to-permanent financing?+

FHA provides a construction-to-permanent pathway for eligible primary-residence scenarios, subject to FHA and lender requirements.

What is the difference between a one-time close and a two-time close?+

A one-time close coordinates construction and permanent financing through one closing. A two-time close generally uses separate closings.

06 · YOUR NEXT MOVE

Your project.
Your game plan.

Whether you already own land, have plans and a builder, or are still working through the idea, let’s figure out what has to come together next.
BUILD MY CONSTRUCTION GAME PLAN
Clay works with borrowers in states where he is appropriately licensed. For other projects, contact Clay to discuss whether licensing may be obtained or an appropriately licensed CrossCountry Mortgage team member may assist.