Welcome to One-time close Financing

One loan, One Application, One Set of Closing Costs

Worried about financing construction while paying your current living costs? A one-time close construction loan makes it easy.

One-time close financing

A one-time close construction loan provides short-term financing for your building project that changes to a permanent mortgage when your barndominium is complete. You can include both land and construction in one loan.

One-time close

How it works

  • Construction phase

Funds are usually distributed to your builder or contractor in stages throughout the build process. You pay interest only during construction.

  • Permanent mortgage

When your barndo is complete, the loan changes to a traditional mortgage and you make regular mortgage payments.

Why consider a one-time close construction loan?

American Barndominiums provides the full-service support you need to secure financing and build your dream barndominium


One loan with no refinancing required after construction — less paperwork and closing costs

Affordable Construction

Pay interest only during the construction phase so your payments are lower while you are still paying for your current housing

Lower Interest Rates

Interest rates can be lower than traditional mortgages because the loan is secured by the value of the home you are building

Happy Clients with Barndominiums Financing

As a first-time homebuyer, the process of financing can be daunting. However, American Barndominiums made it seamless with their expertise in FHA Loans. Their team walked me through every step, providing detailed construction plans that reassured both me and the lenders. I’m now the proud owner of a beautiful barndominium, thanks to their comprehensive services and support.

Emily Thompson

I opted for a conventional loan for my barndominium project, and I couldn’t be happier with the support from American Barndominiums. Their comprehensive plans and expertise in zoning and appraisal made the financing process smooth. Their dedication to going beyond just financing helped me build my dream home with ease.

Alex Rivera

Living in a rural area, I thought building a barndominium would be complicated, but American Barndominiums proved me wrong. They specialize in USDA Loans, which was perfect for my situation. Their zoning expertise and specialized appraisers made the financing process straightforward, and now I have the perfect home for my family.

Marcus Johnson

American Barndominiums’ claim of full-service support is 100% true. From securing a conventional loan to navigating the construction and appraisal process, their team was there every step of the way. Their detailed plans and zoning knowledge were crucial in getting my project off the ground. I’m deeply grateful for their dedication.

Natalie Kim

As a veteran, I wanted to utilize a VA Loan for my barndominium. American Barndominiums’ team was incredibly knowledgeable about the VA Loan process. They provided detailed construction plans and had specialized appraisers who understood the unique value of barndominiums, ensuring I got the best deal possible. Their full-service support was invaluable.

Jessica Walters

The team at American Barndominiums is phenomenal. Not only did they help me secure a USDA Loan, but their full-service approach covered everything from construction plans to dealing with zoning. Their specialized appraisers and comprehensive support were key to the success of my barndominium project. They truly go beyond financing.

Derek Smith

Tested and tried for over 20 years

Are you eligible for a single-close construction loan?

One-time close loans can be available in any loan type – conventional, FHA, USDA, or VA. However, there may be a limited number of lenders offering the loan type you want for a one-close barndominium project. To qualify you will need:

  • Credit score: Most one-time close lenders require a credit score of 620 or more
  • Down payment: Requirements may vary, but plan on at least 5% of the total cost for a conventional loan 
  • Comprehensive construction plans: To minimize risk, lenders will want to see detailed plans. We recommend 2D and 3D plans that include electrical, plumbing, HVAC, roof, foundation, door, window, and cabinet details
  • A proven barndominium contractor: Metal construction is fundamentally different — lenders will require that you work with a qualified builder who has barndominium-specific experience

Are you eligible for a single-close construction loan?