HomeStar also does a one time residential construction loan. This loan only has one closing fee. It requires a replicable builder with floor plans and a detailed cost of construction. Prefer only one contractor or one payment is made monthly. Proof that his bills are paid, has general liability insurance in this area the appraiser will have to go out and verify the work has been completed, then the title company will issue the check. Benefit is the final loan is approved before the house is finished being built.