USDA One Time Close Construction

Build Your Dream Home with No Money Down

USDA One Time Close Construction Loan offers 100% financing, up to the “subject to” appraised value of the home.
The rate is fixed up front and the loan fully funds at the time of closing.  (New Construction ONLY, No Renovations)

New home construction loan features:

  • One (1) closing
  • Min. Down Payment= 0% (Finance 100% of the properties “subject to” value)
  • Interest rate is locked at close
  • 30 year fixed rate loan
  • For primary residences only that are eligible per USDA Property Eligibility Site. Check eligibility here.
  • Standard USDA loan limits apply and are calculated based on the property’s “subject to” value
  • Borrower chooses contractor, subject to LH Lending verification
  • Payment reserve established at closing to make payments on your behalf during construction phase


A 30 year fixed rate loan with 360 equal payments, at a 90% LTV loan, resulting in a 10% downpayment, and an annual percentage rate of 4.75% will have a monthly principal and interest payment of $1,043 per month.  This payment does not include the amounts for taxes, property insurance, or mortgage insurance.

Government loans such as FHA, USDA and VA typically have more flexible guidelines than conventional loans but interest rates are typically higher.
Not a commitment to lend. All loans subject to credit and property approval.