Offers 30-yr fixed FHA @ 96.5%, VA @ 100%, USDA @ 100% and conforming @ 95%. No re-qualification of borrower after close. Site, manufactured, modular.
The Single Close Construction suite of home loan construction products was developed by GSF Mortgage Corporation (GSF) and its President, Chad Jampedro.
GSF is a Midwest-based full-service lender licensed in over 32 states and Washington, D.C. The inventory shortage and the availability of single-close or one-time close loans with higher loan-to-value (LTV) ratio limits, allowing consumers to make low down payments, were drivers behind the Single Close Construction product line.
The company's Construction Lending Division team is trained at the highest level to offer FHA, FNMA, USDA, VA, and Jumbo — Single Close Construction to Perm loans. Additionally, the Construction Lending Division team is trained to review and approve the project budget, plans, specifications, and disbursements of all draws in-house, adding an additional layer of service and protection for our partners. GSF offers a Single Close Construction option for all mainstream products, which allows our approved partners to expand their ability to finance new construction to a greater pool of buyers.