One-Time-Close Construction Loans

Build your home with one closing — not two — that rolls straight into your permanent mortgage when construction wraps.

Independent brokerage since 2007 4.5★ on Google Licensed in RI, MA, PA, FL & AL A network of specialty lenders, one application

A one-time-close construction loan combines the construction financing and the permanent mortgage into a single transaction with a single closing. You lock the structure once, draw funds as the build progresses, and convert to your long-term mortgage when the home is finished — without a second application or a second set of closing costs.

It's a cleaner, lower-stress path than the traditional two-loan approach for buyers building new.

Building in Florida? Our Ocala branch runs a dedicated Florida one-time-close construction practice — including manufactured and single-wide builds. Start at Florida one-time-close construction loans.

Who it’s for

Building new

One closing for construction and your permanent mortgage.

Custom & spec homes

Lock the structure once and draw funds as the build progresses.

Avoiding two closings

Skip the second application and second set of closing costs of the old two-loan route.

Program at a glance

Best for: Buyers building a home from the ground up
Structure: One-time-close — construction converts to permanent financing
Draws: Funds released in stages as the build progresses
Property types: Primary and second homes on qualifying programs
Converts at: Completion, into your long-term mortgage
Available in: Rhode Island, Massachusetts, Pennsylvania, Florida & Alabama

How working with us works

Tell us your scenario

A 10-minute call or the contact form: how you're paid, your goals, and the property. No credit pull to start.

We shop the right lenders

As a brokerage we match your file to specialty lenders built for it — not one bank's single guideline.

Pre-qualify with a plan

You get a clear path: the program, the documents, and the timeline, with a licensed loan officer on your file.

Close with confidence

We manage underwriting to the finish line and hand you off to a smooth closing day.

Common questions

What's a one-time-close construction loan?

It combines the construction financing and the permanent mortgage into a single transaction with one closing, instead of two separate loans.

When do I start making payments?

Typically interest is handled during construction, then you move into regular payments when the home converts to permanent financing. We'll detail your program.

Can I use my own builder?

Programs have builder and documentation requirements; we'll confirm what's needed for your project.

How are funds released?

In a draw schedule tied to construction milestones, inspected along the way.

4.5
Rated on Google · independent brokerage since 2007

Read our Google reviews Leave a review

“When I was faced with the most challenging deal of my career, Atlantic Mortgage found a way to make it happen. They went way out of their way to help my buyer… we weren’t just another file.”

— Joe H., real estate agent

“Second time using Mike for our mortgage process — by far the best person to handle it, answer any question, and make the entire experience stress-free!”

— Heather S.

“As our mortgage broker he was exceptional. Every step of the way he explained everything clearly, was very responsive, and patient with us as first-time home buyers.”

— Vanessa S.

Talk to us about Construction Loans

Tell us your scenario and a licensed loan officer — not a call center — will follow up, usually the same day. No credit pull to start.

All loans are subject to credit approval and program guidelines; availability varies by program.

Ready to talk through your options?

Start a secure application online, or call our Wakefield office — a licensed loan originator answers, not a call center.

Apply Now Contact Us (401) 481-8050