Residential
One-Time Close Construction
Dreaming of building your perfect home? CMRE's One-Time Close Construction loan program makes it a reality. Secure financing for both construction and permanent mortgage in one simple transaction, potentially starting with rates as low as 6.875%.
Program Benefits
Finance both construction and permanent mortgage with a single loan.
Avoid the hassle and expense of multiple loan applications and closings.
Lock in your interest rate before construction begins, protecting you from potential rate increases.
Potentially lower closing costs compared to separate construction and mortgage loans.
Customize your dream home with your own design and features.
Minimum FICO score of 620 opens doors for many aspiring homeowners.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Modular Homes
- Manufactured Homes (select situations)
Program Requirements
Income Documentation
- •Stable and verifiable income source.
- •Sufficient income to cover mortgage payments, property taxes, and insurance.
- •Debt-to-income ratio within acceptable limits.
- •Documentation may include pay stubs, W-2s, and tax returns.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of assets through bank statements and other financial documents.
- •Assets may include savings accounts, checking accounts, and investment accounts.
- •Clear source of funds documentation is required.
Insurance & Title
- •Builder's risk insurance during the construction phase.
- •Homeowners insurance policy effective upon completion of construction.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance coverage must be provided.
Property Requirements
- •Minimum FICO score of 620.
- •Review of credit history to assess creditworthiness.
- •Demonstrated history of responsible credit management.
- •May require explanation for any significant derogatory credit events.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Interest rates vary depending on credit score, loan amount, and current market conditions. CMRE's One-Time Close Construction loans can start as low as 6.875%. Contact us today for a personalized rate quote.
Down payment requirements can vary but can be as low as 3% depending on the program and your qualifications. Your CMRE loan specialist can give you a detailed estimate based on your specific scenario.
Yes, you can use a One-Time Close Construction loan to build on land you already own. The value of the land can be factored into the loan amount.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
