Single-Close Construction Loans

Build your dream home with all-in-one home financing from Lake Area Mortgage.

Our single-close construction loan combines the best features of a construction loan and permanent financing, to provide you with all-in-one financing for your lot purchase, construction, and permanent home loan, while also lowering your closing costs.

Single-Close Construction Loans highlights:

Single closing at start of construction
72-Hour draw payments
One-time application and approval
Flexible down payment options
In-house processing & underwriting
Fast approval & efficient closing

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Make building your dream home a reality.

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This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. This is not an offer to enter a loan agreement at a specific rate. An offer to enter into such an agreement may only be made pursuant to Minn. Stat. 47.206. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Lake Area Mortgage™ is a division of Royal Credit Union, 1200 County Road E., Ste 200, Arden Hills, MN 55112. NMLS# 543781.

Single-Close Construction Loans

Build your dream home with all-in-one home financing from Lake Area Mortgage.