One Closing Saves Time & Money
Close a single time instead of twice — one application and one set of closing costs for both the construction loan and your permanent mortgage.
Build the home you've been picturing without juggling two loans. A One-Time Close construction loan finances your build and rolls right into your permanent mortgage — one application, one closing, one set of costs — with your rate locked before the first shovel hits the ground.
A One-Time Close construction loan — also called a construction-to-permanent loan — uses a single closing to cover both building your home and the mortgage you'll carry once it's finished. While the home is under construction, funds are released to your builder in stages, and you typically pay interest only on what's been drawn. When the build is complete, the same loan automatically converts to a permanent mortgage instead of you having to take out a second loan and close all over again.
For folks building a custom or new-construction home around Panama City Beach — whether it's a place near 30A or a forever home tucked back in Northwest Florida — it's the simplest way to go from a set of plans to your front door without lining up two separate loans.
Close a single time instead of twice — one application and one set of closing costs for both the construction loan and your permanent mortgage.
Your permanent loan terms are set up front, so your rate is secured before construction starts — no waiting to see where rates land at completion.
When your home is finished, the loan rolls into a permanent mortgage on its own — no second loan to apply for and no requalifying.
Finance new construction or a custom build from the ground up, so you get the layout, finishes, and lot that fit your family — not a compromise.
Three simple steps from blueprints to keys in hand.
Start with a quick pre-qualification, then choose your builder and finalize your home plans, lot, and budget so we can structure the loan around them.
You close a single time, then funds are drawn in stages to pay your builder as the work gets done — with interest-only payments on what's been drawn.
When construction is complete, the loan automatically converts to your permanent mortgage and you begin regular principal-and-interest payments.
Let’s find out if a New Construction Loan is the right fit for your build. It takes just a few minutes — no obligation.