Direct answer

With an end loan, the builder typically finances construction and the buyer closes on the completed home. This is common with production builders. A one-time-close construction-to-permanent loan finances eligible construction and permanent financing through one closing, with draws during the build and conversion after completion.

A one-time close may reduce the need for a second closing, but it adds builder approval, plans, budget, draw, reserve, inspection, and construction requirements. The right structure depends on who owns the lot, who is building, and how the project is contracted.

What does this mean for a Northeast Florida buyer?

In Northeast Florida, the answer should be tested against the builder's actual contract, community, expected completion range, taxes, insurance, HOA or CDD obligations, and the buyer's current approval. Jacksonville, St. Johns, Clay, Nassau, and Flagler County transactions do not share one universal cost or timeline.

Primary sources

Where can you verify the framework?

  1. Appraisal of Improvements and New ConstructionFannie Mae Selling Guide · Accessed August 13, 2026
  2. Closing Disclosure explainerConsumer Financial Protection Bureau · Accessed August 13, 2026