NEW! ONE-CLOSE CONSTRUCTION LOANS

5% DOWN. ONE-APPROVAL. ONE CLOSING.

YOUR LOT. YOUR LAYOUT. YOUR OPTIONS. YOUR HOME.

Simplicity Mortgage is here to help to turn your home dreams into plans.

An Amazing New Construction Loan just became available! It’s one of the best we've seen!

Tired of touring home after home that isn't quite right?

Looking to build but don't love the developer’s short list of “upgrades”?

You Don't have to Settle. Build your CUSTOM HOME Today!

JUST ANNOUNCED!

VA CONSTRUCTION LOANS

ONE CLOSE.

% DOWN.

LOCKED RATE.

NO PAYMENTS

DURING THE BUILD.

Conventional with down payments as low as 5%
Loan amounts to the conforming loan limit, $726,200 for 2023
Lower, Interest only payments during construction
Locked rates with float down option at construction completion
One credit pull, one underwriting, one approval, one closing, one set of closing costs

A One-Close Conventional Construction loan is also known as a construction to permanent loan. You borrow the money to pay for the construction and then once the home is completed and you move in, the loan is converted into a permanent mortgage.
This type of loan is basically a two-in-one loan so you only have one set of closing costs to pay, which means less fees.
During construction, you pay interest only on the outstanding balance. You don't have to make payments on the principal until you move into the home.
Your rate is locked prior to closing, with a slightly higher rate for the interest only payments during the construction phase.
When construction is complete you can float down to the market rate, if rates have improved.
Once it becomes a permanent mortgage, you'll begin making payments that cover both the interest and principal.