One-Time Close Construction Loans in Wisconsin: Build Your Dream Home with Ease
Dreaming of building a custom home in Wisconsin? One-Time Close (OTC) Construction Loans make it possible - with less hassle and more peace of mind. This unique loan option is designed for buyers who want to build their home and finance it all in one simple process. Here’s everything you need to know about how it works, who it’s for, and why it’s one of the most powerful tools in today's housing market.
What Is a One-Time Close Construction Loan?
A One-Time Close Construction Loan allows you to finance both the construction of your new home and the permanent mortgage in a single loan. This means you only go through the underwriting, appraisal, and closing process once - saving you time, money, and stress.
✅ One approval process
✅ One closing
✅ One interest rate lock
No need for multiple loans or re-qualifying after the home is built.
Why Wisconsin Buyers Are Choosing OTC Loans
With low existing inventory and rising home prices, more buyers in Southeast Wisconsin are turning to custom builds. Cities like Brookfield, Wauwatosa, and Oak Creek offer ideal locations to build your dream home with nearby amenities, great schools, and growing value.
Pair that with rising rents, and it's no surprise that more buyers want to build exactly what they want - with a process that keeps it simple.
Who Qualifies for a One-Time Close Loan?
If you meet standard guidelines for VA, FHA, USDA, or Conventional loans, you may qualify for OTC construction financing.
Typical requirements include:
- 620+ credit score (depending on loan type)
- Reliable income and assets
- A qualified builder
- Approved lot or land
You don't have to be a seasoned investor or own land already - we can help you through every step.
Benefits of OTC Loans
🧱 Interest-only payments during construction
🧱 Combine land, construction, and permanent financing into one
🧱 No second closing = no second set of fees
🧱 VA, FHA, USDA, and Conventional options available
🧱 Work with Union Home Mortgage from start to finish
Want to explore FHA construction loan benefits? Or compare VA one-time close loans? We'll help you find the right fit.
Why Work With Union Home Mortgage for Your Construction Loan?
My team and I at Union Home Mortgage offer:
- In-house underwriting and support
- Custom construction loan programs
- Local expertise in building throughout Wisconsin
We're not just closing loans - we're helping you build your future.
Start Building Today
If you're ready to turn your lot into a home, I'd love to walk you through the next steps. Whether you’re looking to build in Milwaukee, Waukesha, or surrounding areas, we've got the right program for you.
🔗 Apply online today or visit mkemortgage.com to learn more.