Build It Rural. Close It Once.
USDA construction and permanent financing in a single closing, for a modular or manufactured home in an eligible rural area.*
The only route we have that will finance building a modular home.
Build new in a rural area and close construction and mortgage together.
- Construction and permanent financing close together, once
- Modular homes are eligible. Stick built construction is not*
- Manufactured homes eligible in single width and multi width
- Manufactured PUDs are eligible in single and multi width*
- One closing rather than a construction loan and a separate refinance*
- The property must sit inside a designated eligible rural area*
Build in an eligible rural area*
Build new on rural land
Owner occupied homes only
Modular and manufactured only. Stick built is not allowed on this program
Financing converts when the certificate of occupancy is issued*
Household income limits apply, as on all rural housing financing
What is the Saxton USDA One-Time Close Construction Loan?
Rural construction and permanent financing, closed together in a single transaction
Building a house is not a transaction most people do twice. It is months of decisions, and the last thing you want in the middle of it is a lender telling you to requalify because the construction loan has matured. The Saxton USDA One-Time Close Construction Loan finances the build and the mortgage that follows it in a single closing, so the financing is settled before the first trench is dug.
What makes this program worth knowing about is what it will build. Modular homes are eligible here and are not eligible on either the agency or the FHA one-time close. If you are set on a modular home, this is the route.
Manufactured homes qualify in both single width and multi width, as do manufactured PUDs. Stick built construction is not allowed on this program. For a site built home you would use the agency one-time close instead. The financing converts to permanent when the certificate of occupancy is issued.*
Why choose the Saxton USDA One-Time Close Construction Loan?
Built for people with rural land and nothing worth buying already on the market.
Modular Is Eligible Here
This is the only construction program we have that will finance a modular home.*
Single Width Works Too
Single width homes qualify here, which they do not on standard rural housing financing.
One Set Of Closing Costs
You close once. There is no second closing and no separate refinance when construction finishes.
Nothing To Buy Nearby
Single width manufactured homes are eligible here, unlike on standard rural housing financing.*
Rural Area Required
Eligibility is tied to the property address, and many areas that do not feel rural still qualify.*
When It Becomes A Mortgage
When the build is signed off and the certificate of occupancy is issued, the construction financing quietly becomes your mortgage. Nothing to reapply for.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about building a home with USDA construction financing.
Modular homes, and manufactured homes in single width or multi width, including manufactured PUDs. Stick built construction is not allowed on this program.
Because of modular. The agency one-time close covers site built and excludes manufactured. The FHA one-time close covers manufactured and excludes modular. This is the only one of the three that will finance a modular build.*
No. Construction and permanent financing close in a single transaction, so you pay one set of closing costs instead of two and there is no requalifying when the build finishes.
Yes. Eligibility is by address against the USDA property eligibility map, and household income limits apply as they do on all rural housing financing. A lot of areas that do not feel rural still qualify, so check the specific address.
When construction is complete and the certificate of occupancy has been issued, the financing converts to permanent.*
No. This program is for owner occupied homes only.
No, and this is the restriction that catches people out. Stick built construction is expressly not allowed here. If you want a site built home, the agency one-time close is the program to look at instead.
Find out what you qualify for
Whether you’re buying a lot or ready to build, there’s likely a Saxton USDA One-Time Close Construction Loan program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Rural housing financing is governed by USDA area loan limits and income limits rather than by conforming loan limits. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.