One-Time Close

Wholesale and correspondent lender Click n’ Close launched a new mortgage product designed for homebuyers in rural America. One-Time Close is a loan program for government-insured mortgage products that offers down payment assistance to buyers in select rural markets. Borrowers can get 100% loan-to-value financing covering land, construction, and closing costs with no payment or minimum investment required. They can also finance the 1% USDA Guarantree Fee up to 101% LTV. “Given current market conditions, affordability is the number one challenge among potential homebuyers,” said Click n’ Close Owner and CEO Jeff Bode.  “As prospective borrowers venture further out from cities and traditional suburban markets, Click n’ Close stands as a resource, providing powerful financing tools for both wholesale lenders…