Are you ready to build the home of your dreams? Congrats on this exciting occasion! We love seeing our clients enjoy their home design and construction process. And our Single Loan Close Construction program makes your mortgage process as simple as possible, because you want to focus on the details of your new home (and we can't blame you).
Waterstone Mortgage's Single Loan Close Construction program helps streamline the process of building your dream home and securing permanent financing. A single loan covers your construction costs and mortgage. One loan. One closing. One easy process.
Finance up to 95% of your mortgage on a primary residence (translation: only a 5% down payment is required!)
Hassle-free draw process for builders
Interest-only payments on outstanding loan balance during construction
Adjustable rate mortgage (ARM) and fixed rate options for permanent financing which begins after construction is completed
After construction is completed, principal & interest (P&I) payments begin
Contact Waterstone Mortgage today and a qualified home loan professional will walk you through the Single Loan Close Construction program application process and answer any questions that may arise.
We'll work with you and your builder from start to finish to ensure a smooth loan process, so you can focus on creating the home of your dreams. Get started by finding a mortgage loan professional in your area!
All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.