1XClose Loan

If you’re thinking about building a custom home, we’ve got the right loan product for you. Simplify the building of your new home with the new 1XClose Loan program from Vectra Bank.  Only one application, one approval, one closing, for your construction and permanent mortgage - all before construction begins!

The 1XClose Loan simplifies your life by reducing extra loan costs and time when building your new home. You can lock in your permanent mortgage at today’s interest rate and save additional escrow and title fees with just one closing on your construction and permanent mortgage loans. What could be easier?

• One Lender, one application, one approval, one closing
• Lock-in rate at today’s interest rate for permanent mortgage up to 18 months at time of approval
• Save on closing costs - no second loan approval, no second closing, no additional costs of escrow and title fees
• Interest only up to 18 month on construction loan
• Loans available up to $3,000,000
• Stated income loans available

To find out more about our 1XClose Loan program, click here to contact a local Vectra Bank Residential Lending expert near you!

*All loans subject to credit approval and property evaluation. Certain restrictions apply.

Learn more about Mortgage Products and Financing Options

Get Assistance from a Mortgage Expert

Calculate Mortgage Payments or Find Out How Much You Can Borrow

Contact Us Now

Buying a home is perhaps the largest financial transaction you will make. Being informed will help you find the right house at the right price and the financing to help you purchase that house. Check the links below and do your homework even before you pick up the real estate section of your paper and use them for reference during your process.

The Basics of Owning a Home"
Overview of the entire home-buying process, from start to finish.

"100 questions & answers about buying a new home"
HUD's questions and answers have been carefully selected to give you a foundation of basic knowledge about the homebuying process.

"Buying Your Home: Settlement Costs and Helpful Information"
Federal Consumer Information Center's booklet that describes the home buying, home financing, and settlement process.

"What Are the Hidden Costs of Home Ownership?"
Helpful article to alert first-time buyers of all the costs they might face.

Related Links
hud.gov/buying
U.S. Department of Housing and Urban Development website for homebuyers.
financiallearning.com
Great site with a lot of information on several financial topics. "Owning a Home" section is very informative.
homebuyingguide.org
Fannie Mae Foundation's free home-buying guide also contains a mortgage guide, a credit guide, and a borrowing basics section.

Contact your nearest Residential Lending Specialist to apply today!