Independent brokerage since 20074.5★ on GoogleLicensed in RI, MA, PA, FL & ALA 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.
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
1
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.
2
We shop the right lenders
As a brokerage we match your file to specialty lenders built for it — not one bank's single guideline.
3
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.
4
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
“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.”
