How do you want to get started?
Quick application
With Millennial Home Loans quick online loan application, determining if you qualify for an USDA One-Time-Close/OTC Construction Loan and for how much, has never been easier.
Talk to a USDA One-Time-Close/OTC Construction Mortgage Expert
Not ready to apply online? No problem. Answer a few questions, and a USDA One-Time-Close/OTC Construction Home Loan Mortgage Expert will call you back.
USDA One-Time-Close/OTC Construction Loans.
0% Down, 6% Seller Closing Credit Allowed
Build your dream home in a designated USDA eligible area with no money down
Transaction Information
| Purchase Price (Builder Cost and Land Cost [if applicable]) | |
| Construction Administration Cost | |
| Total Acquisition Cost | |
| Down Payment | |
| Base Loan Amount | |
| 1.00% USDA Guarantee Fee | |
| Total Loan Amount |
| Prinicipal and Interest (PI) | |
| USDA Annual Fee | |
| Property Taxes | |
| Homeowner Insurance | |
| HOA/Condo Fee | |
| Total Monthly Payment |
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
