Avance Financial
CONSTRUCTION LOAN
BUILD YOUR FUTURE
ONE-TIME CLOSE CONSTRUCTION LOAN
A Single Close Construction to Permanent loan is a home mortgage that can be used to close both the construction loan and permanent financing of a new home at one time. With a Single Close Construction loan, the process is streamlined: A single mortgage loan originator, a single loan, and a single closing process. This saves money, helps reduce the time to move into your house, and protects you against unforeseen circumstances down the road. Loans $726,200.00 and under
TWO-TIME CLOSE CONSTRUCTION LOAN
Two-close construction loans, or multiple loans, require that you get approved for two separate loans. The first loan will fund the physical construction of your home, and then you’ll need to apply for—and get approved for—a separate long-term loan on the completed home, to refinance the construction loan to a 15- or 30-year mortgage
JUMBO ONE-TIME CLOSE CONSTRUCTION
Building a custom home takes hundreds of decisions, but paying for it is easy with a one-close construction loan. Instead of getting separate loans for building and buying, you can get one convenient loan to cover both. There’s just one application and one closing, saving you time and money, too. And now, this all-in-one loan includes higher limits and ARM options, so you may be able to dream even bigger. Loans $726,200.00 and up
VA ONE-TIME CLOSE CONSTRUCTION
VA One-Time close Construction offers a single closing, a single set of closing costs, and less stress to those who have served our country. With this one time close construction it offers a 30-year Fixed loan that allows for 100% loan to value. A single mortgage loan originator, a single loan, and a single closing process. This allows us to give Veterans the home they deserve.