Conventional One-Time Close Construction Loan
In a housing market with low inventory and rising prices, you shouldn’t have to settle for anything less than the home you've always wanted. EHL's Conventional Construction Loan lets you build the home of your dreams with just one application and one closing. Building your dream home has never been quicker, easier or more affordable!
Program Features & Benefits:
- One Set of Closing Costs and Fees
- Interest-Only Payments During Construction
- Primary Residence (1 Unit); LTV 89.99%, Min Credit Score 680
- Second Homes (1-Unit); LTV 80%, Min Credit Score 680
- Lock in your rate at any time
- Simple & flexible draw process
- Use qualified licensed builder of your choice
Eligible Property Types
- 1-unit site-built homes, PUD, Modular Homes, Rural Properties
- Site condominium (detached); Fee Simple Interest for Land & Dwelling
- Properties where construction has already begun
- Up to 20 acres
The Fine Print
- Jumbo One-Time Close Construction ARM available.
- Major remodels, tear downs, manufactured homes, 2-4 units and log homes are not eligible.
- Eligibility requirements, exclusions and other terms and conditions apply.
