couple doing a construction to permanent financing loanCascade offers FHA, VA, USDA, and Conventional Stage funded construction loans. Construction financing allows the buyer to build the home of their choice on land they are purchasing or on land they already own.

Our one-time close structure protects both the buyer and the home builder. With our structure we close once, upfront, before any construction starts on the property. The funds are guaranteed at closing and are paid out according to an agreed upon draw schedule. With a one time close the borrower will not be subject to new credit checks, income and employment verifications, or new appraisals at anytime during the construction process.

The land is paid at close and home and improvement costs are stage funded during the contruction process according to an agreed upon draw schedule.

During the process of construction interest accrues only on the funds that have been stage funded out. The borrower typically makes no out of pocket payments on the loan until the home is complete and ready to occupy.