One-Time-Close Construction Loans

One Loan. One Closing. Build the House.

One-time-close (single-closing) construction loans that fund the build and convert to your permanent mortgage — no second closing, no re-qualifying at the end.

One-time-close construction: build it and stay in it with one closing. VA and USDA up to 100% financing, FHA up to 96.5%, scores down to 580 on the right file.

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The short answer

A one-time-close construction loan combines the construction financing and the finished-home mortgage into a single loan with a single closing, done up front before the first shovel hits dirt. You close once, the builder gets paid in draws as the home goes up, and when construction finishes the loan simply becomes your regular mortgage. Lawton Building and Loan runs one-time-close programs for site-built homes and manufactured homes — including single and doublewides — with government and conventional options depending on your situation.

What we fund

• One-time-close construction on site-built homes — custom builds on your lot or land you’re buying with the loan.
• Manufactured home one-time-close — single and doublewide homes on permanent foundations, bought and built in one package.
• Land + home packages — lot purchase and construction rolled into the same single closing where the program allows.
• First-time and experienced builders’ clients — we work with your builder through approval, draws, and completion.

Who this fits

• Buyers who own land (or found the lot) and want to build instead of shopping existing homes.
• Manufactured-home buyers who want the home, land prep, and setup handled in one loan instead of three.
• Veterans and rural buyers whose benefits or location fit government construction programs.
• Anyone who has been quoted a two-step construction loan and wants to skip the second closing and second round of closing costs.

The honest part

One closing does not mean no paperwork — the builder has to be approved, plans and costs have to be real, and draws follow inspections. Timelines depend on the builder and the build, not just the loan. What the single closing does protect you from is re-qualifying after construction: your rate structure and approval are settled before the build starts, not gambled on where your credit and income stand a year later. Tell us the plan honestly and we’ll tell you which program lane it fits — or what to fix first.

How it works

1. Call or text (817) 862-6922 — tell us the land situation, the home (site-built or manufactured), and your builder if you have one.
2. We match the program and get the builder approved — plans, costs, and paperwork lined up before closing.
3. One closing, then draws during the build — and when the home is done, the loan is already your mortgage.

FAQ

What’s the difference between one-time-close and a regular construction loan? A regular (two-time-close) construction loan is short-term money for the build only — you refinance into a permanent mortgage afterward and re-qualify then. One-time-close settles the permanent loan at the same closing as the construction loan, before building starts.

Can I do one-time-close with a manufactured home? Yes — single and doublewide manufactured homes are one of the most common one-time-close uses, including land-and-home packages.

Do I need to own the land first? Not always. Many packages roll the lot purchase into the same loan. If you already own land, that can work too — and equity in the land may help the numbers.

Can I use my own builder? Usually, yes — builders go through an approval process (license, insurance, track record). If you don’t have a builder yet, we can talk through how to choose one the programs will accept.

How long does the build take, and what do I pay during construction? Builds commonly run several months to a year depending on the home. Payment during construction is typically interest-only on what’s been drawn — we’ll walk your exact structure before you commit.

Start here

Call or text (817) 862-6922, or visit lawtonbuildingandloan.com.

Educational information only — not a commitment to lend. All loans are subject to credit approval, and programs change.

— Joel Lawton, Lawton Building and Loan, NMLS #380245