Introducing One-Time Close Construction Loans for Manufactured Homes and Barndominiums

October 04 16:39 2023
A Hassle-Free Financing Option for Your Dream Home Using Construction To Permanent Loans

We are excited to announce the launch of our One-Time Close Construction Loan program, poised to completely transform the home construction sector. This creative financing option aims to increase accessibility to homeownership by streamlining the financing procedure for both barndominiums and mobile homes. We are making building non-traditional homes unprecedentedly simple and affordable with only one loan and one closing process.

How Does it Work?

The One-Time Close Construction Loan is a game-changer for individuals and families seeking alternative housing options. The loan covers the costs of land, construction, and mortgage, all in one package. Unlike traditional loans, which require multiple closings and associated fees, the One-Time Close Construction Loan streamlines the process into a single closing transaction, thus saving time and money for prospective homeowners.

Why Manufactured Homes and Barndominiums?

Manufactured homes offer an efficient and cost-effective alternative to traditional homes. These homes, constructed off-site and transported to the desired location, are increasingly popular for their affordability and shorter construction time.

Similarly, barndominiums have captured the public’s imagination as a unique and versatile housing option. Originating as barns converted into living spaces, modern barndominiums are custom-built to serve as comfortable, energy-efficient homes, usually featuring large, open-concept layouts.

The Advantages of One-Time Close Construction Loans

  • Simplicity: One application, one approval process, and one closing make the loan process straightforward.
  • Cost-Efficiency: By consolidating multiple loans into one, borrowers save on closing costs and avoid the risk of interest rate fluctuations.
  • Flexibility: These loans are designed to accommodate both manufactured homes and barndominiums, allowing borrowers to build homes that best suit their needs and preferences.
  • Eligibility: Despite being non-traditional homes, both manufactured homes and barndominiums meet the property requirements for this loan program.
  • Immediate Occupancy: After construction is complete, there’s no need for a separate mortgage process; you immediately begin your regular mortgage payments.

A Future-Ready Approach to Homeownership

“We are excited to offer a financing solution that reflects the evolving preferences of today’s homebuyers. Our One-Time Close Construction Loan is not just a financial product; it’s a commitment to making homeownership attainable and sustainable for everyone,” explained Brad Rund, Director of Manufactured Housing.

“For more information on how to apply for a One-Time Close Construction Loan, please visit our website or contact our Home Loan Specialist team.”

About Capital Home Mortgage:

Capital Home Mortgage is a direct mortgage lender and servicer. We are a leading financial institution committed to providing comprehensive mortgage solutions. With years of expertise in the housing market, we specialize in offering innovative loan options that meet the diverse needs of modern homebuyers.

Media Contact
Company Name: Capital Home Mortgage
Contact Person: Brad Rund
Email: Send Email
Phone: 405-202-2144
Address:1992 Lewis Turner Blvd, Ste 1294
City: Ft. Walton Beach
State: FL 32547
Country: United States