01
Your goal
The home or property you have in mind and the timing you’re working toward.
One-time close · Loan guide
Construction loans.
Start with your situation.
Lot plus build in Utah or Idaho without two full origination events.
How this program works
What changes the fit.
Utah and Idaho cities on this desk use the same person and a program that has to match the house.
A one-time-close construction loan covers the build and then converts to the permanent mortgage, so you are not originating two full loans. Draws are released as the builder finishes stages. The budget, the builder, and the draw schedule need to be in writing before anyone treats the payment as final.
Lot-plus-build files show up in Utah County and across Idaho, including people building outside the Boise and Salt Lake cores. Interest during construction is part of the cost. If the permanent rate is what you care about, ask when it is set. Some locks happen at the start, and some are later.
Who this may fit
Build now, permanent loan at the end, one close.
What to discuss
- One-time close when the builder and budget fit
- Draw schedule in writing
- Plan the transition to permanent financing
From an option to a plan
Three things to bring.
A first conversation can help you understand the details before a full application.
02
Your income picture
How you earn, what documentation you have, and the monthly payments already in your budget.
03
Your funds
The down payment, reserves, and closing-cost budget you want to work with.
Program availability, terms, and eligibility depend on the lender and your complete application. This overview is not a commitment to lend.
A real person. A clear next step.
Let’s talk about Construction.
Bring your questions and the numbers you’re working with. Brandon will help you understand the options and decide what comes next.
Brandon MaughanUtah & Idaho · 8am–8pm MT
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