One- & Two-Time Close Construction to Permanent Loan Programs
Venture Lending Group makes loans the same way the best contractors build homes: with a solid foundation, an efficient timeline, dependable communication, and hard work —finished out with classic design.
Our One & Two Time Close Construction to Permanent Loan Programs are designed to provide buyers with financing to build, remodel or improve a primary residence. We offer flexibility to meet your needs,
whether the project is new construction or simple improvement.
One-Time Close Borrower Benefits:
- Interest rate locked at initial closing and rate remains the same after loan is converted to the permanent loan
- Offers a modification option to qualified Borrowers, upon completion
- One set of closing costs
- Involves the Borrowers in the draw process
Two-Time Close Borrower Benefits:
- Great for customers who want more interest rate and loan product flexibility
- Perfect to use a specialty program as a permanent loan
- Allows for more flexibility in qualifying if there is an existing home to sell
