"Stop Dreaming and Start Building"

FHA/VA One-Time Construction to Perm Loans

FHA/VA One-Time Construction to Perm

Here @ PRMI Kimberly Massey, specialize's in a True FHA & VA One-time Close Construction to Perm Product. This program is identical to a regular FHA or VA loan in almost every way except; the home is not built yet. 


Program Benefits:

  • Roll home & land purchase into one loan with 3.5% down(FHA) or 0% down(VA)

  • No money down with sufficient land equity

  • Gifts are allowable for 100% of down payment and/or closing costs. These gifts can be cash or equity in a lot. 

  • FICO scores as low as 620

  • Much more flexible underwriting requirements compared to conventional loans, such as higher debt-to-income (DTI) ratios, etc.

  • No reserve requirement

  • No payments until construction is complete

  • No re-qualifying once the home is complete

  • Site-built, Modular, or Manufactured homes are allowed.


Builder Benefits:

  • No risk of borrower not qualifying once home is complete

  • Line item percentage of completion draw schedule

When the house is finished, there are a few modification papers to be signed which will change the loan from the construction phase to the permanent re-payment phase, and then you are ready to move into your new home!

Branch Office: 1206 Bownman St.  Clermont, FL  34711

           Office: (352) 708-5532  Fax: (888) 522-5953

              Email: KMassey@primeres.com

Hablamos Español Llame al 352-708-5533



  • zillow logo
  • Facebook Basic Black
  • LinkedIn Basic Black

 PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Florida Office of Financial Regulation MLD646.