Marcus Wright Mortgage
Español (682) 403-3406 Apply now
Build & renovate

One-time-close construction loan

The short answer A one-time-close (construction-to-permanent) loan combines the building loan and the long-term mortgage into one closing. Money is released in stages as the home is built, and conditions still apply before it converts to the permanent loan. One closing does not remove inspections, cost controls, or updated paperwork.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You plan to build a home you will live in and want a single closing.
  • You have, or are choosing, a builder and a set of plans.
  • You want to settle the long-term mortgage structure before construction starts.

Tradeoffs to weigh

  • The permanent loan still depends on completing the home and meeting lender requirements.
  • Draws, inspections, and paperwork continue throughout the build.
  • Delays or cost overruns can create extra cash needs.
  • Not every lender offers this structure.

What to have ready

  • Whether you already own the lot and any balance owed on it.
  • Your builder's name and experience.
  • House plans and the estimated budget.
  • Permit status and your expected timeline.
  • A general picture of your income and savings.

Questions people ask

Is my permanent financing unconditional?

No. The home must be completed, and final terms and other lender requirements must be met.

Can land be included?

The lot and any existing loan on it may be handled within an eligible structure. Review ownership and the total project cost first.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

Two-time-close construction loan Conventional construction loan FHA construction loan VA construction loan Construction takeout financing FHA 203(k) Limited See the loan programs All topics

Sources

Official program and consumer sources this page is based on. Lender rules can be stricter than these.

Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

Check my license on NMLS Consumer Access

I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan