Streamline Your Clients’ Homebuilding Process with Citizen Financial’s One-Time Close New Construction Loans

Building a new home is an exciting and rewarding experience, but it can also be a complicated and stressful process. One of the biggest challenges for homebuilders is securing financing for the construction and permanent mortgage phases of the project. Fortunately, Citizen Financial offers a solution: One-Time Close New Construction Loans.

What is a One-Time Close New Construction Loan?

A One-Time Close New Construction Loan is a loan that combines the financing for the construction phase of the project and the permanent mortgage into one loan. This eliminates the need for multiple loans, appraisals, and closing costs, streamlining the entire homebuilding process and making it more efficient and cost-effective.

How does it work?

With a One-Time Close New Construction Loan from Citizen Financial, the borrower receives one loan with a single closing. The loan covers both the construction and permanent phases of the project, with the interest rate locked in during the construction phase. Once the construction is complete, the loan converts to a traditional mortgage with a fixed interest rate, monthly payments, and a 15- or 30-year term.

What are the benefits?

There are many benefits to using a One-Time Close New Construction Loan from Citizen Financial. For one, it simplifies the financing process by combining the construction loan and permanent mortgage into one loan, reducing the need for multiple loans and saving the borrower time and money. Additionally, the interest rate is locked in during the construction phase, which can protect the borrower from interest rate fluctuations and potential rate hikes.

Other benefits of the One-Time Close New Construction Loan include:

• Lower closing costs: Since the borrower only needs to pay closing costs once, rather than for each loan, the overall closing costs are lower.
• Customization: With the ability to finance the construction phase of the project, the borrower has more flexibility to customize the home to their specific needs and preferences.
• Faster approval and processing times: With one loan and one lender, the approval and processing times are typically faster than with multiple loans and lenders.

Why choose Citizen Financial?

Citizen Financial is a trusted and reliable lender that offers competitive rates and a commitment to excellent customer service. With over 150 years of experience in the financial industry, Citizen Financial has the expertise and resources to help homebuilders navigate the complex process of financing a new home construction project.

In addition to the One-Time Close New Construction Loan, Citizen Financial offers a range of other mortgage and loan products, including conventional loans, jumbo loans, FHA loans, VA loans, and more.

Conclusion

Building a new home can be a complicated and stressful process, but Citizen Financial’s One-Time Close New Construction Loan can simplify the financing process and make it more efficient and cost-effective. By combining the construction loan and permanent mortgage into one loan, borrowers can save time and money, customize their home, and protect themselves from interest rate fluctuations. Choose Citizen Financial for competitive rates, excellent customer service, and a commitment to simplifying the homebuilding process.

Are you ready to streamline your clients’ homebuilding process with Citizen Financial’s One-Time Close New Construction Loan? Contact us today to learn more and get started!

NMLS #1401042 | info@citizensfinancial.co | 707-800-6047

#CitizenFinancial #NewConstructionLoans #OneTimeCloseLoan #HomeBuildingProcess #Mortgage #CustomHome #StreamlineFinancing #HomeBuilder #RealEstate #Homeownership #DreamHome #HomeConstruction #FinancialSolutions #SimplifyFinancing #TrustedLender #MortgageRates #HomeBuyers #SaveTimeAndMoney #CompetitiveRates #CustomerService #FinancingSolutions #EfficientFinancing