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Benfits of a One-Time Close Construction Loan
Reduced Closing Fees
Avoid paying closing costs on a construction loan and then again on a mortgage loan. One set of closing fees covers your construction financing and your permanent mortgage.
Less Paperwork
BOL provides a single application process. Once completed and approved, you will be able to focus on the construction of your new home. You won’t have to complete paperwork and provide documentation once again for your mortgage.
No Surprises
Lock in your approval and interest rate at the beginning of the process. There will be no surprises between construction and move-in.
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