A free, private, educational tool to see which construction financing structures may be worth evaluating.
Built by Ken Clark Jr., Certified Mortgage Advisor with PRMG. No contact information required.
Short answer: answer the questions below and the finder lists the PRMG construction and renovation structures that may be worth evaluating for your project, with a one-line reason for each. It is educational, not a loan decision.
Answer a few questions about your project. Nothing is stored or sent; the results appear on this page.
Educational tool only. Results are based solely on what you entered and are not a loan approval, pre-qualification, commitment to lend, or rate quote. Eligibility depends on credit, income, assets, property, project, and program guidelines, and is subject to underwriting. Builder registration is a documentation review for program eligibility, not an endorsement. PRMG is licensed in all states except New York. Nothing you enter here is stored or sent anywhere.
Short answer: it compares your answers to the common eligibility lines for each program: occupancy, home type, credit range, location, builder, and project size. Where your answers line up with a program's typical guidelines, that structure is listed as worth evaluating.
The finder also estimates your total project cost and, if you own the land, your land equity. See how land equity works and the construction loan calculator for a fuller estimate.
Short answer: each result is a program family worth a closer look, not a decision. Here is what each one is built for.
| Result | Built for | Learn more |
|---|---|---|
| VA one-time close | Eligible veterans building a primary residence; no down payment for eligible veterans with full entitlement | VA construction loan |
| FHA one-time close | Primary residence builds with 3.5% down for eligible borrowers | FHA construction loan |
| USDA one-time close | Eligible rural areas and household incomes; no down payment for eligible USDA buyers | USDA construction loan |
| Conventional one-time close | Primary and second homes, commonly up to about 90% with stronger credit | Conventional construction loan |
| Jumbo construction | Projects above conforming limits; larger down payment and reserves typically required | Jumbo construction loan |
| Investor ground-up | Business-purpose builds to sell or rent | Investor construction loans |
| Fix and flip or renovation | Investor rehab, or 203(k) and HomeStyle for owner renovations | Fix and flip, 203(k), HomeStyle |
Short answer: government and conventional one-time close programs are designed around a licensed builder delivering a finished home under a fixed-price contract, on a home type the program recognizes.
Owner-builder projects are not eligible for one-time close, because the builder must be the general contractor and complete builder registration, a documentation review for program eligibility and not an endorsement. Some investor programs may consider experienced owner-builders on business-purpose projects.
Single-wide manufactured homes and barndominium or post-frame builds are commonly ineligible for FHA, VA, and USDA one-time close. A conventional one-time close may consider barndominiums with conditions. See manufactured and modular construction loans.
Short answer: use them to build your short list and your question list, then let a real review sort out the details.
The biggest surprises on construction files are usually not about rates. They are about a builder who is not ready for registration, a home type the program will not take, or a finished value that comes in below cost. If the finder raised any of those flags, start there. And if two or three structures show up, that is normal. The right one usually comes down to how much cash you want to bring, whether you have land equity, and how solid the builder's contract is.
Short answer: gather your numbers and your builder's information, then book a project review.
Answered by Ken Clark Jr., Certified Mortgage Advisor. Program availability and requirements vary and are subject to change.
No. It is an educational tool that shows which financing structures may be worth evaluating based on what you entered. Eligibility depends on credit, income, assets, property, builder, and program guidelines, and is subject to underwriting.
No. The finder runs in your browser and does not collect names, contact details, or store your answers.
PRMG is licensed in all states except New York, so these PRMG programs are not available for New York properties.
Generally no. One-time close programs require a licensed builder acting as general contractor. Some investor programs may consider experienced owner-builders for business-purpose projects.
Barndominium and post-frame builds are commonly ineligible for FHA, VA, and USDA one-time close. A conventional one-time close may consider them with conditions.
Loan amounts are commonly based on the appraised as-completed value. If the finished value is below the total project cost, more cash may be needed at closing.
It may. When you own the lot, the equity may count toward the down payment on many one-time close programs, depending on program guidelines.
When the loan amount would be above the conforming limit for your county. The 2026 baseline is $832,750, and high-cost areas are higher.
Guidelines change. Verify current program requirements with Ken Clark Jr. before relying on them for a transaction.
Disclaimer: This content is for educational purposes only and is not a commitment to lend, a guarantee of approval, or a rate quote. Loan programs, down payment requirements, terms, and eligibility depend on borrower, property, project, builder, and program qualifications, are subject to underwriting, and vary by state. Not all applicants or projects will qualify. Builder registration is a documentation review for program eligibility and is not an endorsement of any builder. Equal Housing Opportunity. Paramount Residential Mortgage Group, Inc. (PRMG), NMLS #75243. Ken Clark Jr., NMLS #225375. PRMG is licensed in 49 states, excluding New York.
Certified Mortgage Advisor and Branch Manager at PRMG Mortgage (NMLS #75243). 28 years in mortgage lending. Specializes in FHA, VA, conventional, DPA, jumbo, Non-QM, renovation, and construction financing for buyers and investors in Sacramento, New Jersey, and nationwide. PRMG is licensed in 49 states, excluding New York. Three-time Gold Award winner for Highly Reviewed Mortgage Team in Sacramento (2023, 2024, 2025). NMLS #225375.
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