Your Vision, Our Financing: The Smart Way to Build
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Why a Single-Close Construction Loan?
Building your dream home is a monumental undertaking, and the financing should be as clear as your vision. Our one-time construction loans are a specialized financing solution designed to simplify your journey, combining the construction and permanent mortgage phases into one efficient process. This approach is built for convenience, offering simplicity and security from start to finish.
Streamlined, one-time closing , no need to re-qualify later
Lock in your permanent mortgage rate upfront before building begins
Expert administration of construction draws aligned to milestones
Single loan for both construction and permanent mortgage , save on closing costs
Whether you're a first-time homebuyer embarking on your custom build or a seasoned veteran, our one-time construction loans offer a customized solution with expert guidance every step of the way.
Mortgage Guides
Step-by-step buyer blueprints, rate cycle comparisons, and mortgage reference manuals.
How to Get Started
There are several ways to begin the loan process with Team Mullenix.
Secure Your Rate Before You Build
The traditional two-loan construction process leaves you vulnerable to rising interest rates during the building phase. With a one-time construction loan, your permanent mortgage rate is locked in at the very beginning of the project. This provides crucial financial security, protecting you from market fluctuations and giving you peace of mind throughout the entire construction period.
One Loan, One Approval Process
Our single-close construction loans eliminate the hassle of a two-step financing process. Instead of applying, qualifying, and closing on a short-term construction loan and then repeating the entire process for a permanent mortgage, you do it all once. This simplifies underwriting and reduces paperwork, making your path to a new home far more efficient.
Ideal for Both First-Time and Seasoned Builders
These loans are specifically designed to meet the needs of a wide range of clients. Whether you are a first-time homebuyer embarking on your custom build journey or a seasoned veteran undertaking your next major project, our one-time construction loans offer a customized solution for your unique needs. We are here to provide expert guidance every step of the way.
Simple and Efficient Loan Management
By consolidating the construction and permanent financing into a single loan, the entire process becomes more streamlined and less stressful. This allows you to focus on the exciting details of your new home, knowing that the financial management is handled with maximum efficiency. From application to closing, we ensure a clear, straightforward experience.
Expert Administration of Construction Draws
A critical part of any construction loan is managing the disbursement of funds to your builder. Our team at Edge Home Finance expertly administers all construction draws according to a pre-approved schedule. This ensures your project's funding aligns perfectly with its milestones, providing accountability and ensuring a smooth progression from breaking ground to final completion.
Financing for New Homes and Major Projects
Whether you are building on a lot you've already secured or are purchasing land and financing the build at the same time, this loan provides flexible usage options. It can be used for new home construction and is a perfect fit for a variety of projects, offering a simple financial solution that helps you achieve your vision without compromise.
A Loan Built for Your Future
Our one-time construction loans are not focused on your past financial history but are designed to support your future homeownership goals. These loans empower you to build a home that perfectly fits your long-term needs and aspirations, providing the stability and financial foundation for a lifetime of memories.
Texas Mortgage Program Comparison Matrix
Compare credit score minimums, down payment guidelines, loan limits, and mortgage insurance terms across Texas home financing options.
| Feature / Guideline | Conventional | FHA Loan | VA Loan | DSCR Investor |
|---|---|---|---|---|
| Minimum Down Payment | 3% to 5% (20% to avoid PMI) | 3.5% (with 580+ FICO) | 0% (Zero Down Payment) | 15% to 25% |
| Minimum Credit Score | 620 (720+ for best rates) | 580 (500 with 10% down) | No VA minimum (580-620 typical) | 640 to 680 |
| Maximum DTI Ratio | 43% to 45% (up to 50% automated) | 50% (with compensating factors) | 41% baseline (flexible with residual) | No personal DTI calculated |
| Mortgage Insurance | Private PMI (cancels at 20-22% equity) | UFMIP 1.75% + Monthly MIP | None (One-time funding fee only) | None required |
| 2026 Loan Limit (1-Unit) | $766,550 conforming baseline | $498,257 to $600k+ by county | No limit with full entitlement | Up to $2,500,000+ |
| Eligible Occupancy | Primary, 2nd home, investment | Owner-occupied primary only | Owner-occupied primary only | Non-owner investment only |
| Income Documentation | W-2s, tax returns, pay stubs | W-2s, tax returns, pay stubs | W-2s, LES, military COE | Property rental cash flow only |
| Wholesale Broker Speed | 14 to 21 days to clear to close | 14 to 21 days to clear to close | 14 to 21 days to clear to close | 14 to 21 days to clear to close |
Guidelines reflect standard Texas agency and wholesale underwriting thresholds as of 2026. Custom portfolio guidelines may vary based on compensating borrower factors.
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