One closing. Multiple advantages.
As its name implies One-Time Close (OTC) is a Construction-to-Permanent
loan program that offers all-in-one financing. Available for manufactured,
modular, and stick-built homes, OTC loans allow borrowers to finance the
construction of a home, lot purchase/land payoff, and permanent mortgage
with just one closing.
Designed to simplify the process for new home buyers, our One-Time Close offerings include FHA, VA, USDA, and Conventional financing.
Faster turnaround times, low construction admin fees, and the ability to apply various down payment assistance programs are just a few of the ways AFR has applied our expertise to One-Time Close lending.
One-Time Close financing is available for FHA, VA, USDA and Conventional loans making it accessible to more eligible borrowers. Thanks to One-Time Close, a buyer’s first home could be a brand new one!
One-Time Close simplifies the construction loan process, which benefits all parties involved. Some of the advantages to an OTC loan include:
To further help brokers, correspondents, builders, and MH dealers, AFR Wholesale provides personalized concierge service to guide originators and their builder/dealer partners throughout the One-Time Close process.
Some restrictions and limitations apply. See program guidelines for details.
Just fill out your information below and one of our Account Executives will contact you shortly.
Lender NMLS: 2826
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