One Time Close Loan


Waterfront views. Game rooms. Granite countertops. Mechanic’s garages. Everyone has their own ideas of what a perfect home is like, but let’s face it—they’re not always available on the market. A one time close loan offers you the chance to both build and finance the home of your dreams—all with just one application and one closing. Division Mortgage Group offers one-time-close loan options using Conventional, FHA, VA, and Rural Housing loan programs to build and finance your perfect home.

Combining the traditional three-phase, two separate closings Construction-to-Permanent loan into one closing and one interest rate.

  • Down payment as low as 3.5%
  • No payments due from borrower during construction
  • Borrower’s first payment begins once contruction is complete

Features and benefits

  • Consolidate construction and purchase for only one set of closing costs and fees
  • Pay just interest-only payments during construction
  • Option to avoid requalification post-construction available
  • Rate can be locked at any time during the loan application/process
  • Simple and flexible draw process with no set schedules

Nice kitchen with island

For more information, contact us at 406-294-7207 or
or visit us at our downtown Billings location at 1320 Division Street, Billings, MT 59101.


Need assistance or would you like to know what information you will need before applying? Click here to contact us.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

About Us

Thanks for visiting Division Mortgage Group. Local expertise and broad real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources offered here.

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Division Mortgage Group

(406) 294-7207
1320 Division Street
Billings, MT 59101

NMLS #140614: Montana, Wyoming, North Dakota