One Time Close Construction Loan for New Construction, Renovation & Repair
Having trouble finding your dream home? Build it instead or renovate your current home today with LH Lending’s One Time Close Construction Loan!
- Up to 90% financing available. Minimum Down Payment – 10% for primary residence
- One (1) Closing
- Maximum loan amount of $453,100
- Maximum renovation funds = 75% of “as completed” value
- Interest rate is capped on permanent loan
- Interest only loan during construction, then modifies to 15 or
- 30 year fixed rate loan once home is complete
- Minimum credit score of 680
- Primary residence and second homes may be eligible
- Borrower chooses contractor (subject to LH Lending approval)
We make sure you can get into your home as soon as possible. A team member is just a phone call or click away.