Make Your Home Your Dream Home with a One-Time Close Loan!

We have put together a guide to help you determine if a One-Time Close loan is right for you. Click the link below to download our free guide.

Is the One-time Close Construction Loan Right For You?

The  One-Time Close construction loan does NOT require the borrower to qualify twice. For other types of construction loans the borrower applies once to pay for the construction, then applies again for the mortgage itself. Construction-to-permanent loans avoid all that by using a single loan, one closing date, and specific steps and requirements for how the loan is to proceed into construction phase and what happens once the work is completed.
With The One-time Close Construction Loan You Can:
  • Get the financing of a new construction, single family residence on a new lot (purchase) or an existing lot already owned by the customer (refinance).
  • Allows for a single closing of the construction loan, which will be converted to a permanent loan at the completion of the construction project.


What are the Benefits of the One-time Close Loan?

Some of the Benefits are:

  • You save money
  • Reduced interest rate risk
  • No payments during construction
  • A dedicated project management team/vendor
  • No re-qualification




What make up the construction loan costs?

  • Land Value
  • Soft Costs – Permit,engineering and architectural fees
  • Hard Costs – Materials and labor costs
  • Contingency Reserve
  • Lot Equity

Don’t know if the One-time Close Loan is right for you?

6310 Greenwich Drive, Suite 200 San Diego, CA 92122

Carl Spiteri | NMLS ID 286890

Phone: 619.544.6444

Office: 858.526.3037

eFax: 800.670.0929

Ark-La-Tex Financial Services, LLC NMLS ID 2143

Carl Spiteri | NMLS ID 286890

Ark-La-Tex Financial Services, LLC d/b/a Benchmark Mortgage 5160 Tennyson Pkwy STE 1000, Plano, TX 75024. NMLS ID #2143 ( 972-398-7676. Some products may not be available in all licensed locations. Information, rates, and pricing are subject to change without prior notice at the sole discretion of Ark-La-Tex Financial Services, LLC. All loan programs subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions may apply. (