Eugene Mortgage News

One-Time Close Construction Loan-OTC

Easy all-in-one financing that benefits you, the borrower.   Allows you to purchase the land, construct the home and roll into permanent financing, with a one-time close construction loan program.

Construction Loan Highlights

• Low or no Down Payment options are available
• Less out-of-pocket expense. The borrower doesn’t have to pay for the build and then get a mortgage. The mortgage pays for the build!
• Initial interest-only payments. During the build period, the borrower can enjoy a lower, interest-only payment.
• Up to 12 months build period

Construction Loan Programs

• Conventional as low as 3% down on primary residence with a minimum credit score of 720 and as low as 5% down with a 700 minimum credit score. Loan up to $726,200
• FHA-96.5% financing with a minimum credit score of 620-Loan up to $472,030
• VA -up to 100% financing not including VA funding fee-with a minimum credit score of 620
• USDA -up to 100% financing of market value-with a minimum credit score of 640
• Primary, Second Home, investment properties, and 1-4 units
• Single-family residence and multi-wide manufactured home

Call us with your construction loan questions at 541-683-3300. 

Stepping Stone Mortgage, Inc. is a qualified mortgage lender with all loan officers and processing staff trained to handle your questions. Our dedicated staff will help you through the loan process in a very efficient manner for you to purchase or refinance your home.