who does one time close construction loans in Colorado?

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December 22 2013 - Saddle Rock Golf Club
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There are a number of Lenders that offer a One Time Close Construciton loan.  These loans are more desierable because they allow the Construciton and Permanent financing to be done in one loan.  These loans are also more convienent and cost efficent, as well as allow you to lock in long term interest rates up front.  BBVA Compass has a One Time Construction Loan.  Hope this helps.  Please feel free to contact me at my profile if you have any questions.

Regards
-Matt Brozek
Vice President-Mortgage Banking Officer
BBVA Compass
NMLS#8985
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January 03
1st Bank has great construction loan programs. I would give them a call.  
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December 31 2013
Great question. I am glad to see that this construction type of loan is making its way back!  If its a true one time close..... it also means its a construction-perm loan.  What this is if you are building a new home, you would be in contract with a builder or contractor and YOU are carrying the financing.  You have negotiated the price and the loan amount...Loan fees and closing costs are always associated with loans.  If you are taking out a construction loan, you are taking care of those fees and costs up front with "That" loan   When the project is completed, the lender reviews the file, makes sure all the sub contractors are paid etc and then can convert the loan to permanent financing or a 15 or 30 year fixed loan at no extra cost.  Essentially you are getting 1 loan to complete 2 parts.  It should save you money in the long run.
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December 22 2013
Thank You
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December 22 2013
I have done a few with 1st Bank. [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines] e a few other contacts depending on what kind of construction you are planning.
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December 22 2013
 
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who does one time close construction loans in Colorado?
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