A construction loan with two closings is typically structured where you get a short term loan for the construction portion, and when the house is complete you obtain another loan for the permanent portion of your financing. The downside to this is that you pay two sets of closing costs, and your rate is not typically locked during construction. Our loans are One Time Closing loans: You Close one time up front, and after the home construction is complete, your loan automatically rolls into the permanent financing stage. You only pay one set of closing costs, there aren’t re-qualification issues, and your rate is protected during construction.