One Time Close Manufactured Home
Construction to Perm Loan

One-Time Close Manufactured Home Construction Loan

One Loan. One Closing. No Re-Qualifying.
Building a new home doesn’t need to involve multiple loans, changing terms, or re-qualifying partway through construction.
Our One-Time Close Manufactured Home Construction Loan combines land purchase (or land payoff), home construction, and permanent financing into a single loan—with one closing and no second appraisal or re-qualification once construction is complete.

For many California homeowners, especially those 55+, manufactured homes offer a practical, efficient alternative to traditional site-built construction.

A Simpler Way to Build

Traditional construction loans often require:
Separate construction and permanent loans
Re-qualification after the home is built
Additional appraisals and closing costs
Uncertainty if lending guidelines change mid-project
A one-time close loan removes those risks.
Because the permanent loan is approved before construction begins, your financing is locked in from the start.

What This Loan Can Include

This all-in-one loan may cover:
Purchase of land
Payoff of land you already own
Construction of a new manufactured home
Site work and approved improvements
Permanent mortgage financing
Everything is handled with one application and one closing.

Who This Program Is Ideal For

This program works especially well for:
Homeowners who already own land
Buyers purchasing land and a new home together
Home replacement in approved homeowner associations
Retirees seeking predictable costs and fewer moving parts
Borrowers who want to avoid traditional construction loan complexity
Manufactured homes can provide comfort, efficiency, and long-term value—without the uncertainty of site-built construction.

Your Land Equity Can Be Your Down Payment

If you already own land, your land equity may be used as your down payment toward:
The new manufactured home
Construction and site costs
This can significantly reduce—or eliminate—the need for cash out of pocket.

Financing Options Available

Depending on qualifications, this program may be offered through:
Loan Programs
FHA
Freddie Mac (Conventional)
VA
USDA


How the Process Works

Planning
We help coordinate land, home selection, and site planning. Once estimated costs are known, we provide early approval and clear expectations.
Preparation
Engineering, permitting, construction budgets, and final home purchase agreements are completed.
Loan Process
Underwriting, appraisal, and title work are finalized before construction begins.
Closing
The loan closes upfront. Any existing land liens are paid off, and construction begins.
Construction
Funds are released in up to three draws, typically covering foundation, home delivery, and final completion.
Loan Conversion
Once construction is finished, the loan automatically converts to your permanent mortgage—no re-qualification required.

Program Highlights

One loan and one closing
No payments due during construction
No re-qualification after completion
No second appraisal
Reduced overall closing costs
Single construction fee included in the loan

Expert Guidance From Start to Finish

We provide hands-on planning and consultation and work with approved retailers and industry partners. When helpful, we coordinate with Compadre Brokers Real Estate to help simplify land and home selection.