Build on Your Land with a One-Time Close Construction Loan.
Custom homes deserve a different financing strategy than production builder neighborhoods. Here's how it works.
If you're designing a custom home instead of buying one in a builder community, this loan may be exactly what you're looking for.
Section I
Is this the right loan for you?
The One-Time Close is built for the buyer who's designing a home from the ground up — not buying a finished spec home in a builder community. If any of these describe you, you're in the right place:
- Already own the land you want to build on
- Are purchasing land as part of your build
- Want to work with a custom home builder
- Want complete flexibility in designing your home
- Are building outside of a traditional builder neighborhood
Section II
What is a One-Time Close construction loan?
Traditional construction financing often requires two separate loans and two separate closings — one to fund the build, and a second to convert to your permanent mortgage when the house is finished.
A One-Time Close construction loan combines both into a single mortgage. You close once. Construction begins. The builder receives funds in stages throughout the build. And when the home is complete, the loan automatically converts into your permanent mortgage — with no second closing, no second appraisal, and no requalifying.
- Step 01
Purchase land
Bring your own lot or roll the land purchase into the loan.
- Step 02
Build home
The builder is paid in stages as construction progresses.
- Step 03
Home completed
Final inspection, certificate of occupancy, appraisal on the finished home.
- Step 04
Permanent mortgage begins
The loan converts automatically — no second closing, no requalifying.
Section III
How construction financing actually works.
Rather than handing the builder one lump sum at the start, the loan releases money in stages — called draws — as construction progresses. Foundation. Framing. Rough mechanicals. Drywall. Trim. Final.
Before each draw is released, an inspection confirms the work is actually complete. That protects you (your builder can't be paid for work they haven't done) and protects the lender (the collateral matches the loan balance at every stage).
The result: predictable cash flow for the builder, transparency for you, and a construction schedule that stays honest from foundation to certificate of occupancy.
Section IV — Why Experience Matters
Financing a custom home is a different animal.
A construction loan looks nothing like a mortgage on an existing home. Builder contracts. Draw schedules. Inspections. Plans-and-specs appraisals. Extended rate locks. And a permanent mortgage waiting at the end.
The Corie Adams Lending Team has helped finance more than 565 new construction homes, representing over $250 million in mortgage financing. That's mortgage-industry experience since 2018 spent managing the moving pieces so the loan is the last thing you have to worry about while your home goes up.
We understand the entire construction process — not just the mortgage sitting on top of it. Which means when your builder needs a draw, your appraiser needs plans, or your title company needs an updated cost breakdown, someone on our team already knows what to do.
565+
New Construction Homes Financed
595
Loans Funded
$254M+
Mortgage Volume
8 yrs
Financing New Construction
Section V
Frequently asked questions.
Yes. If you're purchasing your lot, we can roll the land purchase, the build, and your permanent mortgage into a single One-Time Close loan. If you already own the land free and clear, your equity in the lot typically counts toward your down payment.
Section VI
Is this different from buying in a builder community?
Yes — meaningfully. Both paths get you a new home. The financing, the timeline, and the experience are worlds apart.
Production Builder Community
- Builder finances construction
- Choose from existing floor plans
- Neighborhood already planned
- Construction often already underway
- Traditional mortgage at completion
Custom Home on Your Own Land
- Buyer finances construction
- Build exactly what you want
- Purchase your own land
- Select your own builder
- Completely customized home
- One-Time Close construction loan
Before You Break Ground
Let's talk before you buy the land.
One conversation before you purchase your lot can save thousands of dollars and months of frustration later. We'll walk through your goals, explain your financing options, and help you understand what to expect before construction begins.