The Complete Home-Building Package

One Time Close Construction Loans!

We offer a TRUE One Time Close!

Construction Loan Qualifier

Congratulations! You’re ready to build a home…

construction loans

Top Flite Financial, Inc. offers Construction to Permanent loans for new manufactured, stick built and modular homes. Our One Time Close program provides construction financing, lot purchase, and Permanent loan, all wrapped up in one loan. Why worry about re-qualifying, re-appraisals or incurring additional costs?

Top Flite Financial provides interim financing and administration for true one-time close staged funded construction-to-permanent loans.

Top Flite Financial, Inc. underwrites and approves the permanent portion of the loan before the construction begins. The construction portion of the loan is also underwritten and approved. When all conditions for closing are cleared with Top Flite, other than the final construction related conditions, the closing will be coordinated. Once closed, construction can begin.

Because the permanent loan is closed before construction begins, there is no “re-qualifying” the borrower. This is a true one-time close; therefore, the borrowers will not need to return to the settlement agent for a second closing once construction is complete.

Benefits of One-Time Construction Loan:

  • Reduction in total cost due to only one closing
  • Reduces interest rate risk
  • FHA 96.5 LTV financing allowed
  • Only one closing before the start of construction
  • No payments due from borrower during construction
  • Borrower’s first payment begins once construction is complete
  • No credit, document or appraisal expiration once the loan closes
  • No re-qualification of borrower once construction is complete
  • Builder/Retailer is allowed staged funding draws during construction based on line-item percentage completion

Do I Qualify?

Construction Loans can often be hard to find and when you do find a lender that offers them, they can make the process seem overwhelming and difficult to qualify for.

At Top Flite Financial, we have construction loan professionals on staff that can help make the process of building your Dream Home easy and less stressful. Complete our construction Loan Qualifier below and one of our Loan Officers will reach out right away!

  • Fixed Rates
  • Adjustable Rates (ARM)
  • Conforming Loans
  • A True 1 Time Close
  • We Can Recommend Builders
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years

Get Your FREE Pre-Approval Letter Now!

Construction Loan Qualifier