One Time Close Construction Loan
Loan for Custom-Crafted HomesA specially crafted construction loan for custom-crafted homes.
- Waterfront views
- Game rooms
- Granite countertops
- Mechanic’s garages
Talk with an Expert – Zachery Adam and his Team at GoPrime Mortgage, Inc.
For Questions: Call (828) 348-1907
Build
Perfect Home
Everyone has their own ideas of what a perfect home is like, but let’s face it—they’re not always available on the market.
One Closing
This custom-tailored loan product offers clients the chance to both build and finance the home of their dreams—all with just one application and one closing.
Features and Benefits
70% LTV with no requalification required post-construction
90% LTV option with requalification required post-construction
Loan amounts up to $424,100, or more in high balance areas
The rate can be locked at any time during the loan application/process
*Simple and flexible draw process with no set schedules
*Pay just interest-only payments during construction
*Consolidate construction and purchase for only one set of closing costs and fees
A one-closing construction loan combines the construction financing into the same loan as the permanent mortgage financing. A single closing transaction before construction begins where a single set of fees and closing costs are collected from the borrower. Once construction is complete, the loan will convert to the permanent phase. The borrower will begin making traditional payments.
Home
Loan Types and Terms
- 15-year conventional
- 30- year conventional
Eligible properties include:
- 1-unit site-built homes
- Planned Unit Developments (PUDs)
- Modular homes
- Site condominiums
- Rural properties
The best loan to fit your situation at GoPrime Mortgage
If you’re shopping for a house and mortgage today, you have more choices than ever before. Independent mortgage lenders like GoPrime Mortgage, Inc. provide a full range of loan products and competitive rates. The most effective independent mortgage lenders work with you to get the best loan to fit your situation. Learn more about your mortgage loan options; schedule a face-to-face consultation with Zachery Adam and Team with GoPrime Mortgage, Inc. today. There’s no obligation.
Getting approved for your first mortgage — or your fifth — is now more attainable than ever. That’s because you have more choices than ever before. The rise of independent mortgage lenders fills a growing need in every community in North Carolina.

Affordable Homebuyer Programs
I am a first time home buyer.
Change Orders
A change order is an official recognition of a change to the construction/renovation plans and specifications and to the project budget.
Construction Loan Disbursement Request/Authorization
This form is used to request a draw from the construction loan funds. It must be signed by both the borrower and the contractor. The approved budget must be referenced when completing this form. The specific payees (subcontractor or supplier) whom the contractor will pay must be identified. The form must be signed by both the borrower and the contractor.
Contingency Funds
Contingency funds are included in the construction/renovation budget to cover possible cost overruns or change orders. Contingency funds are familiar with renovation loans but not as common with new construction. However, not all loans include a contingency fund.
Deposits
Fees (Unused)
Final Draw
A minimum of 10% of the total construction hard costs must be held for the final draw. Completion documentation is required before the release of the remaining funds. Support documentation such as invoices and Unconditional Waiver of Liens for the previous draw must also accompany the final draw.
Funding Notification
A funding notification is a notice that funds have been disbursed following a draw request. Wire disbursements will receive an email with the confirmation number and amount. Funds paid by check will be via the next-day delivery by UPS.
Line Item
A line item is a part of the construction budget that shows the amount budgeted to complete a particular component of the home.
Permits
A permit is authorization from the local building authority to begin work on a construction project. It is also used by the building authority to identify properties in need of inspections during and after completion to ensure they were constructed according to applicable building codes. The permits for your project must be submitted to our Vendor no later than with the first draw request.
Site Inspection
A site inspection is an on-site review of the progress of construction/renovation by a local inspector to determine whether the work or materials for which draw funds have been requested have actually been completed or are on site. The loan administration vendor will order a site inspection from a local inspector each time a draw request is received. The property appraiser will make an additional site inspection before releasing the final draw to ensure the construction/renovation was completed as originally planned. Inspections typically will be conducted 24-48 hours after the Vendor receives the draw request. The local jurisdiction may also require inspections at various points during the construction or renovation process.
Standard Draw Requirements Letter
The Standard Draw Requirements Letter is a state-specific document that outlines the requirements for requesting a draw in the state(s) to which the letter applies. The top portion of the letter will specify the applicable state(s). It is essential to reference the correct Standard Draw Requirements Letter for your state to avoid delays in processing draw requests.
Survey
A survey is a geographic mapping of your property boundary lines, setback lines, and utility easements. A survey is required for your project after the foundation is poured to confirm it is within the legal lot limits. For renovation loans, a survey is generally not needed unless the home’s footprint is changed (e.g., due to an addition).
Success
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Zachery Adam
Branch Manager, Loan Officer
"What we do is so far more important than lending and buying houses. We are in the business of facilitating dreams and honoring the start of a new home.”

Jordynn Webb
Loan Officer Assistant
"My eventual goal is to become a loan officer. I love working within the community and being a part of the GoPrime Mortgage team.”