FHA One-Time Close Construction Loan

An easier way to finance your dream home!

The Lowdown on FHA Construction Loan...

fha construction loan

FHA One-Time Close Construction Loan

An all-in-one financing solution to build your dream home.

Low inventory and rising prices can make buying a home challenging. There’s no reason to wait for your perfect home to become available on the market. With an FHA construction loan from Emerald Home Loans you can build the home you want—and finance it with just one application and one closing. It's that simple!

one-time close construction loan information

Program Details:


*Finance up to 90% of project (purchase price + cost to construct)Eligibility requirements, exclusions and other terms and conditions apply.

Construction Home Loan Guide

FHA Is Not The Only Construction Program We Have

Be sure to check out our Conventional, VA and USDA Programs Too:


Do you have a question you would like to ask us? Fill out this short form below and we will get back to you as soon as possible!


New call-to-action

How Do Construction Loans Work?

Overall Process:

  • Builder Approval 
  • Project Approval (appraisal, plans & specs, costs from builder)
  • Borrower Credit Approval
  • Initial Draw at Close (up to 50K) to get project started and/or reimburse for any materials already purchased

Construction Period

  • Post close welcome call from construction management company
  • Inspections done as work is put in place, then checks for draws issued to builder and borrower
  • Once work is done, loan is modified into a standard 30 year fixed loan at present market rates (vs. the interest only loan in place during construction). Borrower is able to pay down balance on converted loan in the event other property they owned has been sold in the meantime. *NO CLOSING COSTS*

Specialized Features

  • Stalled projects
  • Modular construction
  • Major renovations (projects beyond scope of renovation programs)

Get Your FREE Loan Quote Now!

I Want My FREE Home Purchase Qualifier!