Build new with construction-to-permanent financing. Compare one-time vs two-time close, draws, down payment, and VA, FHA, USDA, and conventional options.
Construction Loans | The 2 Mortgage Guys
Build new with construction-to-permanent financing. Compare one-time vs two-time close, draws, down payment, and VA, FHA, USDA, and conventional options.
Construction Loans
How Construction Financing Works
At a Glance
Construction Program Options
From Plans to Permanent Mortgage
Common Construction Questions
Get Pre-Approved for Construction Financing
Build new with one financing plan. From land and draws to permanent mortgage payments, Ryan Minick & Steve DeLon help you structure Conventional, VA, FHA, or USDA construction financing through Luminate Bank.
Construction financing covers the cost of building your home in stages. Instead of receiving the full loan at closing, the lender releases funds in draws after inspections confirm progress — foundation, framing, mechanicals, and finish work each unlock the next payment to your builder.
A one-time close construction-to-permanent loan uses a single closing for both the build phase and your long-term mortgage — one set of closing costs and one underwriting path. A two-time close uses a short-term construction loan first, then a second closing into a permanent mortgage when the home is complete.
During construction you typically pay interest only on the amount drawn so far. Full principal-and-interest mortgage payments usually begin after the home is finished and the loan converts — or after you refinance into the permanent loan on a two-time close. Ryan and Steve walk you through which structure fits your timeline, builder, and down payment.
Four common paths to finance a new build — eligibility, down payment, and builder rules differ by program.
A clear process keeps your build on track and your financing aligned with each construction milestone.
Step
Guides
Straight answers on one-time and two-time close loans, land and equity, VA/FHA/USDA/conventional paths, draws, payments, changes, inspections, documents, rate locks, and whether construction financing is right for you.
Know your build budget before you break ground. Ryan & Steve match you to the right one-time or two-time close path and walk you through draws — so you can build with confidence.
- New home construction with construction loan financing
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