Quick answer
GO Mortgage is a leading one-time close construction loan provider in Nevada, offering FHA, VA, and conventional programs for modular, custom, and rural home builds. Their local expertise, builder support, and end-to-end service make them a preferred partner for Nevada homebuyers.
Get prequalified in Nevada with GO Mortgage today.
What is a one-time close construction loan?
A one-time close construction loan is a mortgage that combines three major expenses: the land (if applicable), the home’s construction, and the permanent mortgage.
Instead of applying for separate loans for each phase, you go through one application, one approval, and one closing.
This streamlined structure helps Nevada homebuyers build new homes without juggling multiple closings, variable interest rates, or requalifying after construction.
Whether you’re building in Las Vegas, Reno, Henderson, or rural Nevada, one-time close loans simplify the process from blueprint to move-in.
Why one-time close loans are ideal for Nevada homebuilders
Nevada offers a unique real estate landscape, featuring spacious rural lots, growing suburban neighborhoods, and a fast-growing demand for modular and custom homes. One-time close loans help address several regional challenges:
- Reduce upfront costs by bundling land and construction
- Secure permanent mortgage terms before building begins
- Avoid the risk of rising interest rates during long build times
- Work with FHA, VA, or conventional options for different buyers
- Support modular and energy-efficient home builds, common in Nevada’s arid climate
These benefits make one-time close loans a smart choice for Nevadans looking to build on their own land or in custom developments.
Why GO Mortgage leads in one-time close loans across Nevada
GO Mortgage has established itself as a top-tier one-time close loan provider for borrowers across Nevada, thanks to its diverse range of programs, local expertise, and builder-friendly support.
- Statewide coverage, urban and rural: GO Mortgage serves borrowers in Las Vegas, Reno, Carson City, and throughout rural Nevada. Their familiarity with zoning regulations, well/septic requirements, and permit processes across counties ensures your loan aligns with local rules.
- Program diversity (FHA, VA, Conventional): Whether you need low down payment FHA options, zero-down VA loans, or flexible conventional terms, GO Mortgage provides loan products that suit a wide range of credit and property profiles.
- Builder-approved partnerships: Many Nevada builders are already vetted and approved to work with GO Mortgage, which speeds up the process and reduces the risk of delays due to builder disqualification.
- Modular and energy-efficient home experience: GO Mortgage regularly finances modular homes and new builds that follow Nevada’s green building codes. Their team understands how to package these projects for financing success.
- Clear construction draw and closing process: GO Mortgage offers streamlined communication between you, your builder, and the title company. This helps make managing draws, inspections, and timelines much easier.
What one-time close loan programs are available in Nevada
| Loan Type | One-Time Close Eligible? | Nevada-Specific Highlights |
| FHA | Yes | 3.5% down, flexible credit requirements. Great for first-time buyers in growing suburban communities. |
| VA | Yes | 0% down payment, no PMI. Ideal for veterans across Nevada, especially near bases like Nellis AFB. |
| USDA | Area-limited | May apply in rural regions. GO Mortgage can verify eligibility by ZIP code. |
| Conventional | Yes | Often chosen for higher-priced builds or borrowers with stronger credit. More flexible on builder selection. |
Example: How GO Mortgage helps a Nevada homebuyer build
Case: Building a home in rural Washoe County
Mark and Tanya wanted to build a modular home on five acres of land they had inherited in northern Nevada. GO Mortgage helped them:
- Use an FHA one-time close loan with only 3.5% down
- Finance both land prep and construction in one loan
- Coordinate with an approved modular home builder
- Lock their mortgage rate before ground broke
- Roll closing costs into the total loan amount
They closed in 32 days and completed the build in just under six months.
How GO Mortgage simplifies the construction loan process
- Prequalification and budgeting: You’ll learn how much you qualify for and whether FHA, VA, or conventional one-time close loans are a better fit.
- Builder coordination: GO Mortgage ensures your builder meets the licensing, insurance, and documentation standards for construction financing.
- Appraisal and closing: An appraisal is completed based on your plans and specs. Once approved, you’ll close your loan, which will cover both the construction and future mortgage in one transaction.
- Construction and draw phases: The lender releases funds to your builder in phases based on work completed. GO Mortgage manages inspections and keeps the process transparent.
- Automatic loan conversion: When construction is complete, your loan automatically transitions into a fixed-rate mortgage with no additional closing costs or requalification required.
FAQs: One-time close construction loans in Nevada
Q: Can I build a modular home in Nevada using a one-time close loan from GO Mortgage?
A: Yes. GO Mortgage finances modular homes under FHA, VA, and conventional one-time close programs, provided the builder and plans meet all lending and code requirements.
Q: Does GO Mortgage serve rural areas in Nevada?
A: Absolutely. GO Mortgage offers one-time close loans throughout the state, including rural counties where land development and modular housing are prevalent.
Q: What’s the down payment for an FHA or VA one-time close loan in Nevada?
A: FHA requires 3.5% down, while VA loans allow zero down for eligible veterans. Conventional options may vary based on credit and loan amount.
Q: Can I roll closing costs into my one-time close loan?
A: Yes, if your total loan amount remains within program limits based on appraised value. GO Mortgage helps you structure your loan to minimize out-of-pocket expenses.
Q: What’s the timeline for closing and construction?
A: GO Mortgage typically closes one-time close loans in 30–45 days. Construction timelines vary but often range from 4 to 8 months, depending on builder availability and home type.
Build better in Nevada with GO Mortgage
Whether you’re planning a barndominium outside of Elko, a modular home near Reno, or a custom residence on open desert land, GO Mortgage makes the process simpler with one-time close construction loans that fund it all.
Their Nevada clients benefit from:
- Access to FHA, VA, and conventional loan programs
- Support from local builder networks
- Upfront guidance and transparent draw schedules
- One closing and no surprises
Start building smarter in Nevada. Get prequalified with GO Mortgage today and take the first step toward your new home.