Building a home shouldn't mean two loans, two closings, and two sets of fees. A one-time close construction loan wraps your lot, the build, and the permanent mortgage into a single loan — with your rate locked in before the first nail. No requalifying when the house is done, no second closing, no surprise if rates climb during the build. Beto lines up the right program and an approved builder.
The traditional path splits a build into two loans — and that split is where the extra costs and the rate risk hide. A one-time close folds it all into one.
You close once to build, then requalify and close again for the permanent loan — exposed to higher rates and tighter guidelines by the time the home is finished. Two appraisals, two sets of costs, two chances for something to go wrong.
You qualify and close once. The loan funds the build, then automatically converts to your permanent mortgage when the home is complete — same loan, same locked rate, no requalifying, no second closing. One set of fees, total peace of mind.
Same finished house — very different journey. Here's exactly what you save by closing once.
Four phases, one continuous loan — the rate you lock at the start is the rate you keep.
You're approved once for the whole project — lot, build, and permanent loan — and your rate is locked.
A single closing covers everything, including buying the lot or using your land equity toward the down payment.
Funds release to your builder in draws as stages pass inspection. Payments are typically interest-only on what's drawn.
At completion the loan converts to your permanent mortgage automatically — no new loan, no second closing.
The single-close structure is available across the major loan types — so you keep the low-down or zero-down benefits you'd get on a regular purchase.
Eligible veterans & service members can build with nothing down and no monthly PMI. A funding fee may apply.
VA loan details →Building in an eligible rural/suburban area within income limits? Zero down, just like a USDA purchase.
USDA loan details →Flexible credit and a low down payment — and lot equity can count toward the 3.5%. MIP applies.
FHA loan details →As little as 5% down for strong credit, with PMI that drops off later and higher loan limits for bigger builds.
Conventional details →Already own your lot? Its equity can serve as some or all of your down payment — many landowners build with little or no extra cash at closing. Beto figures out which program stretches your dollars furthest.
A one-time close has a few extra moving parts versus a regular purchase — mostly about the builder and the plan. Get these lined up and the process is smooth.
One-time close loans are for a primary residence, and credit needs vary by program (roughly 580+ FHA, 620+ VA, 700+ conventional). The builder's contribution toward closing costs is often allowed too — Beto walks you and your builder through all of it.
It comes down to money saved, risk removed, and a whole lot less stress between groundbreaking and move-in.
Closing once instead of twice can save thousands in lender, title, and appraisal fees you'd otherwise pay all over again on a second loan.
Pay fees onceYou lock the permanent rate before construction begins. If rates rise during the months of building, you're protected — your number is already set.
No mid-build rate shockApproved once, done. There's no second underwriting when the home is finished — a job change or a credit dip mid-build won't blow up your financing.
Certainty start to finishWith limited resale inventory and plenty of land around San Antonio and the Hill Country, building is increasingly the smart move. This loan is made for it.
Designing exactly the home you want with a builder you trust — financed cleanly from lot to last fixture in one loan.
Already hold a lot in the Hill Country or out east? Put its equity toward the build and you may need little or no cash at closing.
VA one-time close lets eligible veterans build a brand-new home with $0 down and no PMI. VA details →
Tired of bidding wars on existing homes? Building can mean a newer home, your way — without the second-closing hassle.
Alberto Moravia — Beto the Broker — is a licensed mortgage broker, TREC Certified Instructor, and proud San Antonio resident who'll coordinate the moving parts of a build — lender, builder, draws, and timeline — so you can focus on the house, not the paperwork.
As an independent broker at Edge Home Finance LLC, Alberto shops 100+ wholesale lenders for the right one-time close program — VA, USDA, FHA, or conventional — and lines it up with an approved builder. Straight answers from groundbreaking to move-in, in English, Spanish, or Portuguese.
A free 10-minute call with Beto. Bring your lot, your builder, or just the dream, and he'll map the one-time close program that fits, lock your plan, and coordinate the build from groundbreaking to move-in. One loan, one closing, zero second-guessing.