One-Time Close Construction Loans
Finance your land, construction, and permanent mortgage with one loan and one closing.
Building a Home in Tucson & Southern Arizona
The Polder Group at CrossCountry Mortgage helps homebuyers throughout Tucson, Oro Valley, Marana, Vail, Sahuarita, Green Valley, and Southern Arizona finance custom home construction with One-Time Close Construction Loans.
Whether you're building on land you already own or purchasing a lot before construction begins, our team helps simplify the financing process from start to finish.
What is a one-time close construction loan?
A one-time close construction loan finances both the construction of your new home and the permanent mortgage that follows. You close once, lock your rate upfront, and avoid multiple loans, approvals, and sets of closing costs.
You can use it to purchase land, build a primary home, second home, or investment property. When construction is complete, the loan automatically converts to a traditional 15- or 30-year mortgage.
How a One-Time Close Construction Loan Works
- Purchase land or use land you already own
- Select an approved builder
- Apply for construction financing
- Loan closes once before construction begins
- Funds are disbursed in stages as construction progresses
- Once construction is complete, the loan converts into a permanent mortgage
Loan options
Conventional Construction Loan
Ideal for borrowers with strong credit seeking flexibility and competitive financing.
FHA Construction Loan
Low down payment option for qualified borrowers building a primary residence.
VA Construction Loan
Designed for eligible veterans and active-duty military members building a home.
Benefits
- One loan, one approval, one closing
- Potentially lower total closing costs than separate construction and permanent loans
- Rate protection during the construction period
- Financing for land and construction in a single package
- Multiple program types to fit different borrower profiles
Important Things To Know
- Builder approval is typically required
- Construction timelines vary
- Draw schedules are used during construction
- Final loan terms depend on program eligibility
- Property appraisals are based on completed value
Typical requirements
Exact requirements depend on the loan program, property, and borrower profile. Common factors include:
- Minimum credit score and qualifying income based on program guidelines
- Minimum down payment based on loan type and occupancy
- Use of an approved, licensed builder
- A signed construction contract and detailed plans and specs
- Full underwriting and appraisal before construction begins
Basic process
- Choose an approved builder and finalize your plans and contract.
- Apply for your one-time close construction loan.
- Complete underwriting, appraisal, and approval.
- Close once on the construction-to-permanent loan.
- Builder requests draws as work is completed and inspected.
- When construction is finished and conditions are met, the loan converts to a permanent mortgage.
Can I Buy Land and Build Later?
Many borrowers purchase land before construction begins.
Depending on your goals and loan program eligibility, construction financing may allow land acquisition and home construction to be financed together.
Common Reasons Homebuyers Use Construction Loans
✓ Build a custom home
✓ Build on family-owned land
✓ Purchase rural acreage
✓ Create a retirement home
✓ Build a second home
✓ Replace an existing property
Who Is a Construction Loan Best For?
✓ Buyers building a custom home
✓ Buyers purchasing land
✓ Rural property owners
✓ Retirees building a retirement home
✓ Veterans using VA construction financing
✓ Homeowners replacing an existing property
Is a one-time close construction loan a good fit?
A one-time close construction loan may be a good option if you want a simplified, predictable, and cost-efficient way to build a home without managing multiple loans or worrying about rate changes during construction.
Talk with a licensed loan officer to review your goals, eligibility, and local program availability. They can walk you through numbers, timelines, and requirements so you can decide with confidence.
Why Work With The Polder Group?
The Polder Group at CrossCountry Mortgage helps Tucson and Southern Arizona homebuyers navigate construction financing with personalized guidance, local market knowledge, and clear communication throughout the building process.
Whether you're building your first home, retirement home, or dream home on acreage, our team helps simplify the path from land purchase to final closing.
Construction Loans Throughout Southern Arizona
The Polder Group helps homebuyers finance custom home construction throughout:
- Tucson
- Oro Valley
- Marana
- Vail
- Sahuarita
- Green Valley
- Catalina Foothills
- Southern Arizona rural properties
Whether you're building on acreage, purchasing land, or working with a custom builder, we help borrowers explore one-time close construction financing options throughout the region.
FAQ
Can I build on land I already own?
Yes. In many cases, land equity may be used toward your construction project.
Do I need a down payment?
Down payment requirements vary by loan program and borrower qualifications.
Can I use a VA construction loan?
Eligible veterans and active-duty military members may qualify for VA One-Time Close Construction financing.
How long does construction take?
Construction timelines vary based on the builder, project complexity, weather, and local permitting.
Can I finance the land and construction together?
Some One-Time Close Construction Loan programs allow land and construction costs to be financed within a single loan.
Can I use my land equity as a down payment?
In some cases, land equity may be used toward your required investment depending on the loan program and borrower qualifications.
Related Resources
Ready to Build Your Home?
Building a home is different from buying an existing one. Whether you're purchasing land, working with a builder, or planning a custom home in Tucson or Southern Arizona, the right construction financing strategy can help simplify the process from start to finish.
The Polder Group helps homebuyers explore one-time close construction loans, compare financing options, and understand the requirements for building with confidence.
Talk with our team to discuss your goals, review available loan programs, and determine whether construction financing is the right fit for your project.
Terms and conditions may apply. Programs can change at any time and must meet all eligibility guidelines. All credit offers are subject to approval. The Polder Group is not affiliated with any government agency. Program availability may require specific training or licensing where applicable.
