New Construction & One Time Close

Pauling Homes Team is not a financial institution, but we work closely with First Class Mortgage as a trusted partner and lender.

Modern two-story house with beige siding, dark brown shutters, stone accents, and a three-car garage under a colorful sunset sky.

Here are two common scenarios when it comes to new construction financing

  1. Builder finances the construction of the home build and the buyer comes in with end financing to purchase the new home when construction is complete.

  2. Buyer needs to finance the construction and the financing.

One application and one closing, saving money and time! A one-close construction loan provides funding for the construction costs and also the long-term mortgage when the building is complete. In some cases, it means buyers move quicker since they don't need to wait for a second closing.

Program Highlights

  • Loans up to $1.5 million for construction and up to $2 million total

  • One set of closing costs and fees

  • Rate lock at any time (vs. risking rate fluctuations during construction)

  • Interest-only payments during construction

  • Easy construction draw process

Need Help Getting Pre-Approved?

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