Colorado’s growing communities — from the Denver suburbs to mountain towns like Vail, Aspen, and Steamboat — have increased demand for custom home construction. Limited resale inventory, available land, and lifestyle priorities often make building a better option than competing for existing homes.
A One-Time Close Construction Loan allows you to finance land, construction, and the permanent mortgage in a single transaction with one closing.
I guide Colorado buyers in structuring these loans so financing aligns with both the build timeline and long-term financial goals.
A One-Time Close (single-close) construction loan combines:
Land purchase (if needed)
Construction financing
Permanent mortgage
Into one streamlined loan.
Unlike traditional two-time close construction loans, this structure avoids a second closing once the home is complete, which means:
One underwriting process
One set of closing costs
Locked-in loan terms from the beginning
Reduced uncertainty when construction finishes
For many Colorado buyers, this structure simplifies what can otherwise be a complex process.
Construction activity remains strong due to:
Expanding suburban and mountain communities
Desire for modern, energy-efficient homes
Availability of larger lots and acreage
Customized designs tailored to lifestyle and location
Many buyers choose building to control finishes, layout, and lot selection.
While processes vary by lender, typical steps include:
Pre-approval and financial review
Builder review and contract approval
Appraisal based on plans and specifications
Single closing prior to construction
Draw disbursements during build phase
Conversion to permanent mortgage after completion
Funds are released in stages (draws) as work is completed and inspected.
Planning early is critical — particularly when coordinating land purchase, permits, and builder schedules.
If you already own land in Colorado, the equity can often count toward your down payment.
This reduces additional cash needed at closing and improves financing efficiency. Proper valuation and documentation are essential.
Construction underwriting is more detailed than traditional mortgages. Lenders evaluate:
Credit profile
Stable income
Debt-to-income ratio
Builder credentials
Project feasibility
Contingency reserves
Because construction timelines can extend several months, maintaining financial stability throughout the project is critical.
I guide clients in preparing documentation early to reduce delays during underwriting.
If your completed home value exceeds conforming loan limits, we may structure the loan as a Jumbo or Super-Jumbo construction loan.
These larger builds require additional reserve planning and income documentation.
Construction financing requires coordination between borrower, builder, appraiser, and lender.
I focus on:
Clear upfront structuring
Builder contract review
Organized documentation
Draw schedule management
Long-term mortgage strategy
Building a home is complex — financing should be controlled and stress-free.
If you are considering building in Colorado, the first step is reviewing land options, builder plans, and your budget.
With proper planning, a One-Time Close Construction Loan provides stability from groundbreaking to move-in.
I’m here to support you every step of the way. If you’re ready to turn your home financing goals into your new reality, let’s work together.
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.
Who we are
Our website address is: https://loansbylehrman.com/
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