Provo’s housing market has been shaped by decades of demand from BYU students, faculty, and alumni — but the city’s new construction story today is driven by something bigger: Utah County’s emergence as one of the most economically productive metros in the United States. National and regional builders are actively developing in northwest Provo’s growth corridors, and buyers with the resources and vision to build custom are finding hillside and bench parcels east of the city that offer unmatched views and a truly one-of-a-kind result. For buyers who want to build in Provo rather than buy existing inventory, a One-Time Close Construction Loan is the most efficient financing tool
available: one closing, one rate lock, and automatic conversion to permanent financing when your home is complete.
A One-Time Close Construction Loan — sometimes called a Construction-to-Permanent loan — combines three phases of financing into a single loan product:
Land or Lot Acquisition — Financing for your home site within a Provo new construction community or on a standalone parcel
Construction Phase — Draw-based financing released as your builder hits defined milestones throughout the build
Permanent Mortgage — Automatic conversion to your long-term home loan at completion — no second closing, no re-qualification, no additional closing costs
Unlike traditional two-close construction financing, a One-Time Close loan locks your interest rate at origination — protecting you from rate movement during a build that may take 6 to 12 months — and eliminates the administrative burden and cost of a second closing.
Key Features:
Single closing — one set of closing costs
Rate locked at origination for the life of the loan
Interest-only payments during construction phase
Automatic conversion to permanent financing at completion
Works with all licensed Provo and Utah County builders
Available at Jumbo-level amounts for upper-tier builds
30–45 day closing timeline for qualified borrowers pre-construction
For builds in the $400K-$806,500 range — covering the majority of Provo's new construction market
Fixed or adjustable permanent rate options
Works with all active Provo and Utah County production builders
Physician-friendly versions available with 0-5% down and no PMI
For builds above $806,500 — custom hillside homes, premium bench properties, and upper-tier new construction in northwest Provo
Portfolio and non-QM options for complex income profiles
Financing aligned with custom construction timelines
For buyers working with a licensed custom builder on a hillside parcel, infill lot, or standalone acreage
Covers land purchase and construction in a single transaction
Suited to custom homes with Wasatch Range or Utah Lake views
Northwest Provo Production Builders — The University Parkway and northwest Provo corridors are home to national and regional production builder activity, delivering modern floor plans with energy-efficient construction and access to Utah County's freeway network and FrontRunner rail. These communities serve the move-up buyer market and offer base pricing that frequently approaches the conforming limit for fully configured homes.communities. Ivory Homes has a strong track record and a well-established One-Time Close construction financing process that works seamlessly with purchase financing.
Hillside and Bench Custom Builds — Provo's most prestigious addresses are in the foothills east of the city — larger parcels with panoramic views of Utah Lake and the valley, immediate access to Provo Canyon and Rock Canyon Park, and the opportunity to build a home that reflects exactly what a buyer wants. These are primarily custom builds requiring a licensed general contractor and detailed draw schedule — exactly the profile One-Time Close custom programs are designed for.
Infill and Historic District Rebuilds — Provo's established neighborhoods near BYU — Joaquin, Maeser, Carterville — have seen increased interest in infill construction and teardown-rebuild projects as buyers value the location and walkability of these neighborhoods. One-Time Close programs can accommodate infill builds on existing lots within the city's established footprint.
Utah County Adjacent Communities — Buyers whose work or lifestyle centers on Provo often consider immediately adjacent communities — Orem, Springville, Mapleton — for new construction. One-Time Close programs cover builder activity throughout Utah County, not just within Provo city limits.
Experienced in One-Time Close Construction financing with production and custom builders throughout Utah County
Physician One-Time Close programs available for residents and new attendings building in Provo
Knowledge of Provo's hillside parcel landscape, custom build requirements, and production builder timelines
Single point of contact from lot selection through move-in
20+ years of experience — NMLS #235295
Qualified Builder Required — Your builder must be licensed, insured, and approved through the loan underwriting process. All major production builders active in Utah County are readily approvable; custom builders require additional credentialing documentation.
Construction Plans and Budget — National builder purchases are straightforward — the builder's standard contract and specifications typically satisfy lender documentation requirements. Custom builds require full plans, permits, and a detailed budget.
Strong Borrower Profile — Income, credit, and reserve requirements are similar to a standard conforming or Jumbo purchase loan, depending on the build size.
Realistic Timeline — Production homes in Utah County typically run 6-10 months. Custom hillside builds may run 10-18 months depending on scope. One-Time Close programs are structured for both.
Pre-Qualification — Review your income, assets, builder, and community to identify the right program.
Builder Approval — Your Provo builder is reviewed and approved as part of underwriting. Production builders require minimal additional documentation; custom builders provide license, insurance, and project plans.
Single Closing — One closing covers lot, construction financing, and permanent loan — before a single foundation is poured.
Construction Draws — Funds released as your builder reaches milestones. I coordinate with the builder throughout.
Completion & Conversion — Your loan converts automatically at completion. No second closing. No re-qualification.
Yes. The Custom Build One-Time Close program is designed for exactly this scenario — covering land acquisition and custom construction in a single loan with one closing and a rate locked at origination.
A traditional construction loan requires two closings — one before construction and one at completion — each with its own costs and qualification process. A One-Time Close loan eliminates the second closing, locks your permanent rate upfront, and converts automatically at completion.
Yes. Physician One-Time Close programs are available — allowing qualifying medical professionals to build a new home in Provo with as little as 0-5% down and no PMI, even on construction loan amounts.
Yes. Jumbo One-Time Close programs cover custom builds and upper-tier new construction above $806,500 in Utah County, with portfolio and non-QM options for complex income profiles.
Building your new home in Provo starts here. Let’s talk through your builder, your site, and your timeline.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
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