Residential
One-Time Close Construction in Irvine, CA
Looking for the best One-Time Close Construction in Irvine, CA? Our local team specializes in helping Irvine residents secure competitive financing. Whether you're buying in Woodbridge or Northwood, we have the expertise to guide you.
Key Facts About One-Time Close Construction
CMRE One-Time Close Construction offers competitive rates for qualified borrowers.
CMRE processes One-Time Close Construction in 21-30 days from application.
CMRE offers cross-collateral options for One-Time Close Construction.
CMRE One-Time Close Construction accepts alternative income documentation for self-employed.
CMRE processes One-Time Close Construction in 21-30 days.
CMRE One-Time Close Construction accepts alternative income documentation.
CMRE One-Time Close Construction available for primary, second home, and investment.
Program Benefits
Finance both construction and permanent mortgage with a single loan.
Avoid the hassle and expense of multiple loan applications and closings.
Lock in your interest rate before construction begins, protecting you from potential rate increases.
Potentially lower closing costs compared to separate construction and mortgage loans.
Customize your dream home with your own design and features.
Minimum FICO score of 620 opens doors for many aspiring homeowners.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Modular Homes
- Manufactured Homes (select situations)
Program Requirements
Income Documentation
- •Stable and verifiable income source.
- •Sufficient income to cover mortgage payments, property taxes, and insurance.
- •Debt-to-income ratio within acceptable limits.
- •Documentation may include pay stubs, W-2s, and tax returns.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of assets through bank statements and other financial documents.
- •Assets may include savings accounts, checking accounts, and investment accounts.
- •Clear source of funds documentation is required.
Insurance & Title
- •Builder's risk insurance during the construction phase.
- •Homeowners insurance policy effective upon completion of construction.
- •Flood insurance may be required depending on the property's location.
- •Proof of insurance coverage must be provided.
Property Requirements
- •Minimum FICO score of 620.
- •Review of credit history to assess creditworthiness.
- •Demonstrated history of responsible credit management.
- •May require explanation for any significant derogatory credit events.
One-Time Close Construction in Irvine: The Complete Guide
What Is One-Time Close Construction?
A One-Time Close Construction loan, also known as a single-close construction loan, provides financing for both the construction of your new home and the permanent mortgage that follows. This eliminates the need for two separate loan applications and closings, saving you time and money. You only go through the loan process once. CMRE's One-Time Close Construction loans offer convenience and streamlined efficiency.
Who Qualifies for One-Time Close Construction?
- •Income documentation varies: W-2, 1-Year Tax Return (Freddie Mac), bank statement, VOE-only, or P&L options available through CMRE.
- •Credit requirements depend on specific One-Time Close Construction guidelines — CMRE evaluates your full profile.
- •Down payment assistance programs can be combined with One-Time Close Construction for eligible borrowers.
- •Cross-collateral options: leverage existing property equity to reduce your down payment.
One-Time Close Construction vs. Other Options
- •CMRE compares One-Time Close Construction against FHA, VA, and other residential programs to find lowest total cost.
- •Factors: credit score, down payment, self-employment status, property type, ownership period.
- •For self-employed: CMRE's VOE-only and P&L programs may provide better qualification.
- •CMRE runs multiple scenarios and recommends the program with best long-term value.
Apply for One-Time Close Construction with CMRE
- •Step 1: Pre-qualification online, by phone, or via Instant Advisor.
- •Step 2: Pre-approval with documentation — issued within 24 hours.
- •Step 3: Property search — CMRE coordinates with your agent.
- •Step 4: Processing and underwriting in 14-21 days.
- •Step 5: Closing in 21-30 days total from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →One-Time Close Construction in Irvine, CA
Irvine mortgage loans for Orange County homebuyers. Jumbo and conventional programs for South OC. Custom Mortgage & Real Estate specializes in providing high-fidelity One-Time Close Construction solutions tailored to the unique economic landscape of Irvine and the surrounding Orange County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireIrvine metropolitan area.
Service Areas & Neighborhoods
Our Irvine Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About One-Time Close Construction in Irvine
What are current One-Time Close Construction rates in Irvine, CA?
One-Time Close Construction rates in Irvine depend on loan amount, credit profile, and property type. CMRE publishes updated Irvine rate ranges daily and provides locked quotes within 24 hours of application.
How long does One-Time Close Construction closing take in Irvine?
CMRE typically closes One-Time Close Construction loans in Irvine within 21-30 days from application. Pre-approval takes 24 hours, and our CA-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What Irvine neighborhoods qualify for One-Time Close Construction?
All residential neighborhoods in Irvine and Orange County qualify for One-Time Close Construction through CMRE. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible. Our local team can advise on specific HOA or condo project approval requirements.
Does CMRE offer first-time buyer programs in Irvine?
Yes. CMRE offers first-time homebuyer programs in Irvine including down payment assistance, 3% down conventional, and FHA 3.5% options. CA residents may also qualify for state-specific grants and bond programs.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Interest rates vary depending on credit score, loan amount, and current market conditions. CMRE's One-Time Close Construction loans can start as low as 6.875%. Contact us today for a personalized rate quote.
Down payment requirements can vary but can be as low as 3% depending on the program and your qualifications. Your CMRE loan specialist can give you a detailed estimate based on your specific scenario.
Yes, you can use a One-Time Close Construction loan to build on land you already own. The value of the land can be factored into the loan amount.
Requirements vary. CMRE offers options as low as 3% for qualified borrowers and cross-collateral options that use existing property equity.
Yes. CMRE offers 1-Year Tax Return (Freddie Mac), bank statement, P&L, and VOE-only programs for self-employed.
CMRE typically closes in 21-30 days. Pre-approval within 24 hours.
Depends on program. CMRE also offers DSCR and bank statement investment-specific programs.
Rates vary by credit score, LTV, and market conditions. Contact CMRE for a personalized quote. NMLS #1556995.
One-Time Close Construction by Location
Get local rates, loan limits, and market data for One-Time Close Construction in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
