Worried about the financial roller coaster of a traditional construction loan? Our one-time close loan combines your construction and permanent mortgage financing into one simple, streamlined process.
Tired of hearing about construction loan nightmares?
Building your dream home should be an exciting journey, but the traditional financing route can quickly turn it into a source of constant anxiety. You’ve probably heard the stories: juggling two separate applications and two separate closings, watching helplessly as interest rates climb during the construction phase, and the gut-wrenching fear of not requalifying for your permanent loan once the house is finally built. It’s a process filled with uncertainty, extra paperwork, and surprise closing costs
But what if you could bypass all of that uncertainty?
The one-time close loan: One application, one closing, zero surprises.
The Directions Home Loan one-time close construction loan is the modern, intelligent solution for today’s home builder. We’ve eliminated the stress and uncertainty of traditional loans by combining the entire financing process into a single, seamless experience.
Here’s what you can expect:
One application, one closing:
Forget the hassle of managing separate loans. Our streamlined process lets you apply and close just once, reducing paperwork and stress. And with only one set of closing fees, you could save thousands of dollars.
Lock in your rate early:
Protect yourself from market fluctuations by securing your interest rate before construction begins. This ensures predictable payments and gives you complete confidence in your budget throughout the entire project.
No need to requalify:
Your permanent financing is fixed from the start. Once your new home is complete, your construction loan automatically converts to a standard mortgage — no additional income verification, no extra bank statements, no added stress.
From blueprint to move-in in 3 simple steps.
We believe that getting the financing for your new home should be the easiest part of the building process. That’s why we’ve simplified our one-time close construction loan into a clear, transparent path forward.
Step 01.
Submit a single application for approval
We handle both construction and permanent financing upfront in one streamlined application, with plan review, approval, and just a single closing.
Step 02.
Build your home with confidence
With your fixed rate and financing secure, funds drawn are managed efficiently so you and your licensed general contractor can focus on building your perfect home.
Step 03.
Move in and enjoy
Once your completed home is ready, your loan automatically converts to a standard mortgage. There’s no second closing process, no extra fees, and no last-minute hassles.
Build your dream home with as little as 3.5% down.
Think you need a huge down payment to build a custom home? Think again. Qualifying for our FHA OTC loan, backed by the Federal Housing Administration, means you could have up to 96.5% of your financing covered.
Why people choose Directions Home Loan
Any lender can offer you a loan; we offer you a better way to build. We’ve combined powerful technology with dedicated human expertise to create a financing process that provides unparalleled clarity and support.
When you choose us, you get:
High-tech transparency
Our proprietary app serves as a central hub for your project, giving you, your realtor, and your builder real-time updates, milestone tracking, and secure document uploads—anytime, anywhere.
High-touch support
Your dedicated loan officer is always just a call or text away. We don’t hide behind technology. We use it to make our human support even better. You get the best of both worlds — powerful tools and a personal expert who knows you by name.
Local expertise
We understand the local building market, regulations, and best builders in your area. We also know how to finance a lot purchase, how to use land equity, and how to navigate the specifics of constructing your dream home.
Insights for your home building journey
Stay informed and inspired with our latest articles on home construction, financing tips, and market trends. Whether you’re just starting to explore a one-time close construction loan or deep into the building process, our blog offers valuable guidance.
When to Refinance a Home Mortgage
When to Refinance a Home Mortgage
FHA vs conventional loans: Which option is best for you?
FHA vs conventional loans: Which option is best for you?
Reasons to refinance your home: A comprehensive guide
Reasons to refinance your home: A comprehensive guide
Frequently Asked Questions
Is a one-time construction loan more expensive than traditional construction financing?
No, in fact, it often saves you money. By combining two loans into one, you pay only one set of closing costs, which can save you thousands of dollars compared to the separate closings.
What are the credit and down payment requirements?
Requirements vary based on the specific loan program, such as FHA, VA for eligible veterans, or conventional loans. We offer flexible options, including FHA OTC loans with as little as a 3.5% down payment. The best way to know what you qualify for is to start a no-obligation conversation with one of our experts.
Why choose Directions Home Loan over a big national bank?
We offer the best of both worlds: the robust financing and competitive interest rates of a major lender, paired with personalized service, faster turnaround, and local market knowledge that only an expert can provide.
Can I use my own builder?
Absolutely. We believe in a collaborative approach. We’ll work directly with you and your chosen licensed general contractor to ensure a smooth and transparent process from your initial construction plans to your completed home.
Customer Testimonials
Ready to build your dream home?
Our single close construction loan takes the guesswork out of building your new home. See your personalized options today, and take the first step toward a simpler, smarter building experience.
