Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending -
We appreciate the editor of Realty Times posting this on February 17th, 2023.  A growing number of people looking to purchase a home have come to the realization that existing inventory of houses currently on the market are in short supply. The discussion then turns to the possibility of having a...
The FHA and VA One-Time Close loans are construction-to-permanent mortgages, both of which are important options to consider if starting with a brand-new home is the direction you are heading. The One-Time Close program allows qualified borrowers in Texas to use a single closing to finance both t...
Hello Bruce, I am a Realtor® here in Houston needing assistance for my Client who is looking to build a home on a lot I have listed. He is a Veteran and would like to be informed of his options on whether there is some sort of Construction Loan or a One-Time Close Loan to convert into a VA mortga...
If you are one of the many potential homeowners building your new home from scratch, you might be considering a Construction to Permanent Loan, also known as the One-Time Close loan, which allows you to finance the lot purchase, construction, and permanent mortgage with a single loan and closing....
Demand for custom built homes is on the rise and many Veterans who are in the market to build a new home are finding out about the VA guaranteed Construction loan program that has been around for years.  If you are an eligible Veteran and qualify for a $0 Down VA Home Loan, then you qualify for a...
In all my years of Mortgage Banking, I have not met or spoken with an eligible veteran who has not heard of the $0 down VA home loan program that is partially guaranteed by the United States Department of Veterans Affairs.  This well-deserved home loan entitlement is bestowed upon our Military He...
There are home loans for borrowers–even first-time home buyers–to allow the construction of a home from the ground up. They are called One-Time Close construction loans and are available from participating FHA, VA, and USDA lenders.One Time close loans, also known as single-close construction loa...
Buying a home can be challenging for some first-time borrowers. Many newcomers to the mortgage market don’t know all their options open and in that situation it is easy to make choices that are less than fully-informed.One-Time Close construction loans are open to any financially qualified applic...
Some FHA loan applicants do not realize they have the ability to apply for a One-Time Close mortgage that lets the borrower build a home on their own lot instead of buying an existing construction home. The FHA One-Time Close (OTC) construction loan, like its’ VA construction loan counterpart, is...

Bruce Reichstein

FHA / VA One-Time Close Loans - Nationwide
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