Construction Loans
Overview
One-Time Close Construction Loan (OTC)
A seamless, single-close loan that converts to permanent financing once construction is complete. This financing option is perfect for Custom Builders & Production Builders!
Two-Time Close Construction Loan (TTC)
A flexible financing option for builders and investors who prefer a two-phase closing process. This is a perfect financing option for Large-Scale Developments
FHA OTC
✔ 3.5% down payment
✔ Flexible construction terms: 6-, 9-, 12- months
✔ Minimum 620 credit score required
✔ Interest-only payments during the construction.
VA OTC
✔ 0% down payment
✔ Flexible construction terms: 6-, 9-, 12- months
✔ Minimum 620 credit score required
✔Interest-only payments during the construction.
Conventional OTC
✔ 5% down payment
✔ Flexible construction terms: 6-, 9-, 12- months
✔Minimum 700 credit score required
Why Supreme Lending
At Supreme Lending, Tevis Durbin is committed to making the mortgage process feel clear, personal, and manageable from start to finish. Whether you are buying your first home, refinancing, investing, or exploring a more specialized loan option, Tevis can help you compare available programs, understand your next steps, and move forward with confidence.
With Supreme Lending’s wide range of home financing solutions and a team focused on responsive service, you will have support designed around your goals, your timeline, and your financial picture.
Contact us to explore all your loan and down payment assistance options
and start your path to homeownership today.