Construction Financing

Financing Programs and Offers:

• FCB Construction Loan Financing

Benefits of A One-Time Close Loan

• Lower Cost
  One appraisal, one set of closing costs, one underwriting and approval process. Get rid of the redundancy of a second closing and reduce all of the associated costs, allowing you to present a very attractive financing proposal to your customers.
• Reduced Interest Rate Risk
  Rather than having to wait until near the end of the construction phase to lock in a rate for the permanent financing, with a One-Time Close loan, the rate is locked before the single closing, and before construction begins. No buyers nervously watching the market throughout construction. No concerns that a rate uptick could jeopardize final approval.
• No Payments During Construction
  Buyers love this feature – Even though the final financing is in place at the start of construction, payments don’t start until the home is complete. This frees up funds for alternate housing making building a home much more affordable.
• No Requalification
  Before the builders break ground the closing is complete, and there is no need for the borrowers to be requalified at the end of the construction phase. This eliminates concern that the appraisal might expire, or something could pop up in underwriting to cause headaches as the buyers are ready to move in to their new home.

Lenders we recommend for construction to permanent loans:

Title companies we recommend: