One-Close Construction Loan

New construction, simplified

Construction and mortgage in one simple loan package

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How a One-Close Construction Loan works

  • Construction-to-Permanent financing
  • Loan-to-value up to 90% 
  • Loan amounts up to $2 million
  • Primary residences up to 4 units and single-unit second homes are eligible 
  • Purchase a lot as part of the construction-only loan
  • If you already own a lot, you can use the equity you have in the lot as part of your down payment
  • Payment requirement (must own the lot for a minimum of 12 months)
  • Fixed rate with interest only payments based on monthly construction draw balance during the construction term
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How it works

1

Get prequalified

Work with a Global Mortgage Loan Originator to find out how much you can afford.

Get Started

2

Choose a lot to build on

Your vision starts here. A reliable realtor is very helpful at this point.

3

Choose a contractor 

A trusted builder will help with plans and cost estimates to get the loan closed.

4

Build your dream home

We work with you and your builder to ensure the building goes as planned.