Bruce Reichstein's (brucereichstein) Blog

Follow me
By
Mortgage and Lending - www.OneTimeClose.com
RECENT BLOG POSTS
The FHA and VA One-Time Close loans are construction-to-permanent mortgages, both of which are important options to consider if starting with a brand-new home is the direction you are heading. The One-Time Close program allows qualified borrowers in Texas to use a single closing to finance both t...
08/10/2022
Hello Bruce, I am a Realtor® here in Houston needing assistance for my Client who is looking to build a home on a lot I have listed. He is a Veteran and would like to be informed of his options on whether there is some sort of Construction Loan or a One-Time Close Loan to convert into a VA mortga...
05/25/2022
If you are one of the many potential homeowners building your new home from scratch, you might be considering a Construction to Permanent Loan, also known as the One-Time Close loan, which allows you to finance the lot purchase, construction, and permanent mortgage with a single loan and closing....
04/01/2022
https://www.themortgagenote.org/guest-voices-veterans-eligible-for-va-construction-loans/ 
05/26/2021
Demand for custom built homes is on the rise and many Veterans who are in the market to build a new home are finding out about the VA guaranteed Construction loan program that has been around for years.  If you are an eligible Veteran and qualify for a $0 Down VA Home Loan, then you qualify for a...
04/07/2021
In all my years of Mortgage Banking, I have not met or spoken with an eligible veteran who has not heard of the $0 down VA home loan program that is partially guaranteed by the United States Department of Veterans Affairs.  This well-deserved home loan entitlement is bestowed upon our Military He...
01/13/2021
There are home loans for borrowers–even first-time home buyers–to allow the construction of a home from the ground up. They are called One-Time Close construction loans and are available from participating FHA, VA, and USDA lenders.One Time close loans, also known as single-close construction loa...
08/24/2020
Buying a home can be challenging for some first-time borrowers. Many newcomers to the mortgage market don’t know all their options open and in that situation it is easy to make choices that are less than fully-informed.One-Time Close construction loans are open to any financially qualified applic...
06/30/2020
Some FHA loan applicants do not realize they have the ability to apply for a One-Time Close mortgage that lets the borrower build a home on their own lot instead of buying an existing construction home. The FHA One-Time Close (OTC) construction loan, like its’ VA construction loan counterpart, is...
06/29/2020
Some house hunters get fed up with looking for just the right home, while others start out their home loan journey knowing in advance they want a house built for them. What options to these borrowers have?There is an FHA home loan known as the FHA One-Time Close construction loan that lets borrow...
04/19/2018
Rainmaker
469,298

Bruce Reichstein

VA / FHA Construction Lending / Nationwide
smartphone800-518-0099
local_phone800-518-0099
Contact The Author