Limited Time Offer: Build Your Dream Home with Rates as Low as 3.990% / 4.897% APR
Gray house model with keys and pen during real estate transaction or consultation

Limited Time Offer

Build Your Dream Home with Rates as Low as 3.990% / 4.897% APR

For a limited time, qualified buyers can lock in a low permanent mortgage rate while building a new home in the Carolinas.

Choose the financing structure that works best for you:

  • 3.990% / 4.897% APR on FHA 30-Year Fixed Loans (subject to qualification)
  • 3.990% / 4.406% APR on VA 30-Year Fixed Loans (subject to qualification)
  • 4.990% / 5.231% APR on Conventional 30-Year Fixed Loans for qualified borrowers
  • Potentially no payments during construction

If you’ve been waiting for the right moment to build, this opportunity may make it easier to move forward.

Schedule Your Free Financing Consultation

Two Ways to Finance Your New Home

Option 2: No Payments During Construction

(Two-Time Close – Limited Availability)

Some buyers may qualify for a two-time close financing structure that allows no borrower payments during the construction phase.

(Two-Time Close – Limited Availability)

Some buyers may qualify for a two-time close financing structure that allows no borrower payments during the construction phase.

Here’s how it works:

  • A 12-month construction loan is used during the building phase
  • Interest-only payments during construction – subject to qualification
  • Flexibility to choose permanent financing once construction is complete
  • Opportunity to benefit from future rate changes during the building process
  • Ability to qualify using updated financials when the permanent loan closes

Option 1: Lock the Lowest Rate (Single-Close Loan)

With a Single-Close Construction-to-Permanent loan, you close once, and your financing covers both the build and your long-term mortgage.

During construction

  • Interest-only payments during construction – subject to qualification
  • Payments increase gradually as construction funds are used

After construction

  • Loan converts automatically to permanent financing
  • Eligible borrowers may secure permanent financing rates:
    • 3.990% / 4.897% APR on a FHA 30-year fixed loan, subject to qualification
    • 3.990% / 4.406% APR on a VA 30-year fixed loan, subject to qualification
  • One loan and one closing for construction and permanent financing
  • Only one set of closing costs and one appraisal
  • Credit approval completed upfront, no second approval at conversion

See Which Option You Qualify For

Our financing team can walk you through both options and help determine which structure works best for your situation.

Limited-time offer. Rates effective 3/3/2026 and subject to change without notice.

Legal & Disclosure Information

*FHA Single Close, Construction-to-Permanent Loan Program: This program offers a single loan closing for financing both the construction and permanent phases of your new home.

Loan Terms & Repayment: This is an FHA loan program. The loan features a 12-month construction phase followed by a 30-year (360-month) permanent financing phase.

Construction Phase (12 Months): Features a fixed interest rate of 7.990% (APR of 10. 10.930%) and requires monthly interest-only payments during this period. The initial payment is $804.51, based on an assumed initial disbursement of $120,828 (one-half of the total loan amount of $241,656, including the FHA Upfront Mortgage Insurance Premium).

Important: The amount of the monthly interest-only payment will increase as additional construction funds are disbursed, up to the full loan amount. The maximum monthly interest-only payment, based on the full $241,656 loan amount, would be approximately $1,609.03. Permanent Phase (30 Years / 360 Months): Upon completion of construction, the loan converts to permanent financing with a fixed interest rate of 3.990 % (APR 4.897%) and requires 360 monthly principal and interest payments of $1,152.31. The stated monthly payment does not include amounts for property taxes and insurance. Your actual total monthly housing payment will be higher. 

Annual Percentage Rate (APR): The combined Annual Percentage Rate (APR) for this loan, reflecting both the construction and permanent phases, is 5.266%, and reflects 2 discount points.

Assumptions & Fees: The rates and payments quoted are based on the following assumptions: an FHA purchase loan with a $241,656 loan amount, 5% down payment, a minimum FICO score of 645 on a primary residence, and a 60-day rate lock. This promotion only applies to borrowers who own their land free and clear without any mortgage.

*VA Single Close, Construction-to-Permanent Loan Program: This program offers a single loan closing for financing both the construction and permanent phases of your new home.

Loan Terms & Repayment: This is a VA loan program. The loan features a 12-month construction phase followed by a 30-year (360-month) permanent financing phase.

Construction Phase (12 Months): Features a fixed interest rate of7.990% (APR of 9.975%) and requires monthly interest-only payments during this period. The initial payment is $1,190.26, based on an assumed initial disbursement of $178,763 (one-half of the total loan amount of $357,525, including the VA Funding Fee). Important: The amount of the monthly interest-only payment will increase as additional construction funds are disbursed, up to the full loan amount. The maximum monthly interest-only payment, based on the full $357,525 loan amount, would be approximately $2,380.52. Permanent Phase (30 Years / 360 Months): Upon completion of construction, the loan converts to permanent financing with a fixed interest rate of 3.990% (APR 4.406%) and requires 360 monthly principal and interest payments of $1,735.43. The stated monthly payment does not include amounts for property taxes and insurance. Your actual total monthly housing payment will be higher.

Annual Percentage Rate (APR): Annual Percentage Rate (APR): The combined Annual Percentage Rate (APR) for this loan, reflecting both the construction and permanent phases, is 4.680%, and reflects 2 discount points. Assumptions & Fees: The rates and payments quoted are based on the following assumptions: a VA purchase loan with a $357,525 loan amount, 0% down payment, a minimum FICO score of 660 on a primary residence, and a 60-day rate lock. This promotion only applies to borrowers who own their land free and clear without any mortgage.

*Conventional Single Close, Construction-to-Permanent Loan Program: This program offers a single loan closing for financing both the construction and permanent phases of your new home.

Loan Terms & Repayment: This is a Conventional loan program. The loan features a 12-month construction phase followed by a 30-year (360-month) permanent financing phase.

Construction Phase (12 Months): Features a fixed interest rate of 7.990% (APR of 10.163%) and requires monthly interest-only payments during this period. The initial payment is $1,065.33, based on an assumed initial disbursement of $160,000 (one-half of the total loan amount of $320,000).

Important: The amount of the monthly interest- only payment will increase as additional construction funds are disbursed, up to the full loan amount.

The maximum monthly interest-only payment, based on the full $320,000 loan amount, would be approximately $2,130.67. Permanent Phase (30 Years / 360 Months): Upon completion of construction, the loan converts to permanent financing with a fixed interest rate of 4.990% (APR 5.231%) and requires 360 monthly principal and interest payments of $1,715.87. The stated monthly payment does not include amounts for property taxes and insurance. Your actual total monthly housing payment will be higher.

Annual Percentage Rate (APR): The combined Annual Percentage Rate (APR) for this loan, reflecting both the construction and permanent phases, is 5.477%, and reflects 2 discount points.

Assumptions & Fees: The rates and payments quoted are based on the following assumptions: a Conventional purchase loan with a $320,000 loan amount, 20% down payment, a minimum FICO score of 701 on a primary residence, and a 60-day rate lock. This promotion only applies to borrowers who own their land free and clear without any mortgage.

The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by the Lender. Not all applicants will qualify. Rates and terms are effective 3/3/2026 and are subject to change without notice. This offer is available for a limited time only and cannot be combined with other promotions. All options are not available on all programs. This is an Advertisement. CalCon Mutual Mortgage LLC, dba OneTrust Home Loans is an Equal Housing Lender NMLS #46375; 3838 Camino del Rio N Suite 305, San Diego, CA 92108. Corporate phone (888) 488-3807. For more licensing information visit: https://onetrusthomeloans.com/licensing-information/. | (nmlsconsumeraccess.org).