The One-Time Close Option allows a borrower to finance the purchase of a building lot, needed site improvements, and construction of a New Manufactured Home into one low-rate loan.
OTC LOAN HIGHLIGHTS
- Generally there is no need for the borrower to re-qualify.
- Generally no need to get the property re-appraised.
- Available with FHA, VA USDA and Conventional Financing.
- Lower Closing Costs.
- One Loan vs up to Four Loans with other financing options.
- One Closing vs Two Closings with other financing options.