Build your custom Scottsdale estate with one seamless loan. Land purchase, construction financing, and permanent mortgage — combined into a single closing. Expert local draw management and personalized guidance for luxury custom builds in North Scottsdale, Silverleaf, DC Ranch, and Troon.
A One-Time Close Construction Loan combines land acquisition, construction financing, and permanent mortgage into a single transaction — one application, one closing, one set of costs. When your Scottsdale custom home is complete, the loan converts automatically to permanent financing without a second closing.
Scottsdale’s luxury custom home market is one of the most active in the country. From dramatic desert hillside estates in Troon and Desert Highlands to contemporary masterpieces in North Scottsdale’s premium communities, Scottsdale buyers are building rather than buying — and for good reason. One-Time Close Construction loans make that process dramatically more efficient.
I’m based on Scottsdale Road and have worked with Scottsdale’s custom home builders, architects, and title companies for over 20 years. When you work with me on a construction loan, you’re getting a local expert who understands Scottsdale’s permit timelines, the building community, and what it takes to get a luxury custom build financed and closed on schedule.
| Feature | One-Time Close | Traditional |
|---|---|---|
| Closings | 1 closing | 2 closings |
| Closing Costs | Pay once | Pay twice |
| Rate Lock | Locked upfront | Set at 2nd close |
| Qualification | Once | Twice |
| Construction Payments | Interest-only | Varies |
| Conversion | Automatic | Must reapply |
| Rate Risk | Eliminated | Market exposure |
We review your income, assets, credit profile, and Scottsdale construction plans to identify the right One-Time Close program. I’ll help you understand your total loan amount — land, construction budget, contingency, and soft costs — so you enter the build phase with complete clarity.
One loan application covers the full construction and permanent financing. Your permanent rate can be locked upfront — protecting you from market changes during a Scottsdale luxury build that may take 12–18+ months.
You close once, paying one set of closing costs. Funds cover your Scottsdale land purchase (if applicable) and the construction budget. No second qualification. No second closing. No surprises.
Funds are disbursed in draws to your Scottsdale builder as construction milestones are reached and inspections cleared. You make interest-only payments on the drawn balance — keeping your cash flow manageable while your home takes shape.
Certificate of occupancy issued — your loan automatically converts to your permanent mortgage at the rate you locked from day one. Move into your Scottsdale custom home with complete confidence and no second closing required.
Silverleaf & DC Ranch — Scottsdale's most prestigious custom build addresses. Silverleaf lots command premium prices, and custom construction here requires Jumbo or Super-Jumbo One-Time Close financing.
Troon & Troon North — North Scottsdale's premier golf community hillsides offer dramatic views and generous lot sizes — perfect for custom builds with Southwestern or contemporary architecture.
Desert Highlands & Desert Mountain — Guard-gated hillside communities where custom estate construction is the norm. Lot values and build budgets regularly require multi-million-dollar construction financing.
North Scottsdale & Cave Creek Corridor — Expansive lots offering privacy and space for custom builds at a range of price points in Scottsdale's outer reaches.
Pinnacle Peak Area — Some of Scottsdale's most spectacular undeveloped lots, with boulder outcroppings and mountain views — ideal for architecturally distinctive custom homes.
One Set of Closing Costs — Significant savings on luxury Scottsdale custom builds where closing costs on a two-close arrangement can add up quickly.
Upfront Rate Lock — Lock your permanent rate before your Scottsdale build begins — protection through 12–18+ month construction timelines
Single Qualification — Qualify once. No re-underwriting, no second approval, no risk of market conditions affecting your permanent loan.
Interest-Only During Build — Pay interest only on drawn funds while your Scottsdale home is under construction — manageable payments through the build phase.
Local Draw Management — I coordinate directly with Scottsdale builders and inspectors. Draw requests are handled efficiently from my Scottsdale Road office.
Jumbo & Super-Jumbo Available — Scottsdale construction loans are available at Jumbo and Super-Jumbo levels — up to $10M+ for the most ambitious custom builds.
Based in Scottsdale — I know the builders, the neighborhoods, and the permitting process
20+ years of experience with Arizona luxury construction loans
Access to Jumbo and Super-Jumbo One-Time Close programs up to $10M+
Expert draw management coordinated directly with your Scottsdale builder
Transparent process from land purchase through final move-in
The loan covers land acquisition (if you don't already own the lot), construction costs paid in draws to your Scottsdale builder, soft costs including permits and architectural fees, and then converts to permanent financing at completion. One loan, one closing, full coverage from lot to move-in.
No. One-Time Close Construction loans can include the land purchase — ideal for buyers who find a lot in Troon, Silverleaf, or North Scottsdale and want to build. If you already own the lot, that equity can typically count toward your down payment requirement.
Custom luxury builds in Scottsdale typically take 12–24 months depending on the home's complexity, the builder, and permitting timelines. One-Time Close loans accommodate extended construction periods, and the upfront rate lock protects you for the full duration of the build.
Yes — and they're essential for Scottsdale's luxury build market. Jumbo One-Time Close programs are available for custom homes with construction budgets from $1M to $10M+. These programs require strong credit, significant reserves, and a detailed construction plan and budget.
Most lenders require an approved, licensed general contractor. I work closely with Scottsdale's custom home building community and can help you understand builder approval requirements early — ensuring you select qualified contractors from the start of your project.
Absolutely. Physician-specific One-Time Close Construction programs are available with flexible underwriting that accounts for student loan debt, deferred income, and employment offer letters — ideal for medical professionals building their Scottsdale dream home.
I guide Scottsdale clients through every step of the One-Time Close construction loan process — from lot selection through draw management to your final move-in. Let’s talk about your build.
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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