​Construction Loans

The Single Close Construction Loan from Colonial National Mortgage combines the interim and permanent financing into one loan with one application, one set of fees and one closing.

Unlike traditional loans for new home construction that require re-qualifying and duplicate paperwork, the Single Close Loan eliminates these steps to save you time, trouble and thousands of dollars in interest costs.  

• Enjoy a full 12 months of interest-only payments

• In many cases, there is no need to sell your current home before starting on your new home, so there is no need to move twice. Please contact me for more information.

• No credit updates or re-qualifying. No hassle of collecting paperwork a second time.

Borrowers may choose from several loans programs, many at rates below what is normally charged for interim construction financing. Lot equity or items borrowers have paid in advance may be used as credit toward the down payment. In many cases, lot equity is sufficient to cover the down payment completely.

Contact me today for your free copy of "Consumer Guide to Construction Financing" and a consultation on building your home: 817.390.2246.