One Time Close Construction Loan

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!

Loan Features: 

  • 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.