FHA True 1x Time Close
 
True One-Time Close FHA Construction/Permanent Loan Program
w/Staged Funding for Manufactured, Modular Homes & Site-built
  • Close Permanent Loan Before Home is Built
  • No Requalifying the Borrowers after Loan is Closed
 
Staged Funding:
 
  • Land Purchase or Payoff at Closing
  • Factory Invoice Cost of Home paid at Closing* or once offline
  • Up to 3 Construction Draws available after Closing (5 Draws for Site-Built)
 
This Programs Offers Many Advantages to the
Buyer, Retailer, and Land Seller!
 
  • As low as 3.5% downpayment
  • As low as $0 cash to close with Land Equity
  • Up to 6% Seller Contribution for Borrower’s Closing Costs & Prepaids
  • Interest only on funds disbursed during construction
  • Interim construction fees and interest are rolled into the Sales Price
  • No payments by the Borrower until construction is complete
 
 
 
*If the home is offline, factory invoice and MCO/MSO is available, and proper insurance is in place.
 
Construction Draws administered by National Capital Funding, Ltd.
 
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CALL: 832 - 252 - 9031
Premier Home Mortgage
NMLS: 322977
14405 Walters Rd., Suite 360, Houston, Texas 77014
office: 832.252.9031fax: 832.252.9031