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At UCCU, your construction loan can also be used to cover your building lot, materials, and labor, before automatically converting to long term mortgage.
In other words, you can combine your construction loan and your mortgage loan into one loan… with only one set of closing costs.
It’s called a One-Time Close and it can save the average home buyer thousands of dollars.
Equal Housing Lender. NMLS # 407653. Insured by NCUA.
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