Build Your Dream Home: A Couple’s Journey With a Construction Loan
- By Jim Blackburn
- on
Client Profile
- Names: Brian & Elise T.
- Ages: 45 & 42
- Professions: Software Engineer & Interior Designer
- Location: Bozeman, MT
- Land Cost: $130,000
- Construction Budget: $620,000
- Loan Type: One-Time Close Construction Loan
- Down Payment: 10% of total project cost
- Credit Scores: 731 & 719
The Challenge
Brian and Elise had always dreamed of designing and building a custom home near the mountains—but didn’t want to manage two separate closings or risk being stuck between a construction loan and permanent financing.
They needed a single, streamlined loan that would fund land, build, and roll automatically into a long-term mortgage.
The Strategy
We structured a One-Time Close Construction Loan, which offered:
- Financing for both land purchase and construction
- Interest-only payments during the build phase
- Automatic conversion to a 30-year fixed mortgage upon completion
- Flexibility to work with their chosen builder and architect
- No second appraisal or second closing needed
The Outcome
- Construction began within 30 days of land acquisition
- Loan draws were released in stages tied to project milestones
- They completed construction in 8 months and moved in on schedule
- Locked in permanent financing before rates increased
- Saved time, money, and paperwork with one seamless process
Quote from Elise:
“This loan let us focus on the fun part—designing and building—without worrying about double closings or requalifying. It was simple, smooth, and stress-free.”
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