Renton’s new construction market is concentrated in two distinct segments — and a One-Time Close Construction Mortgage Loan is the ideal financing structure for both. East Renton Highlands and the city’s eastern neighborhoods offer an active supply of newer-build and infill single-family construction, where contemporary homes on larger lots appeal to technology professionals commuting to the Eastside and established Boeing and aerospace families seeking space and value in South King County. At the upper end, Kennydale’s lakefront and view parcels — while limited in number — draw buyers who want to build a custom home specifically designed around Lake Washington’s setting, one of the most compelling residential environments in the Pacific Northwest.
For both segments, the advantages of a One-Time Close loan are the same: a single closing before construction begins, a rate locked at origination, interest-only payments during the build, and automatic conversion to permanent financing at completion. No second
application, no re-qualification, no second closing — and no exposure to rate movement across a 6- to 12-month South King County
construction cycle.
A One-Time Close Construction Loan — sometimes called a Construction-to-Permanent loan — combines three phases of financing into a single loan product:
Land or Lot Acquisition — Financing for your homesite, whether an infill lot in an established Renton neighborhood, a Kennydale view parcel, or a standalone lot in East Renton Highlands or the surrounding South King County communities
Construction Phase — Draw-based financing released as your builder hits defined milestones throughout the build
Permanent Mortgage — Automatic conversion to your long-term home loan at completion — no second closing, no re-qualification, no additional closing costs
Unlike traditional two-close construction financing, a One-Time Close loan locks your interest rate at origination — protecting you from rate movement during a build that may take 6 to 12 months — and eliminates the administrative burden and cost of a second closing.
Key Features:
Single closing — one set of closing costs
Rate locked at origination for the life of the loan
Interest-only payments during construction phase
Automatic conversion to permanent financing at completion
Works with all licensed Renton and South King County builders
Available at Jumbo-level amounts for Kennydale and East Renton Highlands upper-tier builds
30–45 day closing timeline for qualified borrowers pre-construction
For builds in the conforming range up to $1,063,750 (King County high-balance limit)
Fixed or adjustable permanent rate options
Works with all active South King County production and semi-custom builders
Physician-friendly versions available with 0-5% down and no PMI
For builds above $1,063,750 — Kennydale view and waterfront custom homes, upper East Renton Highlands builds, and premium South King County construction where total project costs exceed the conforming limit
Portfolio and non-QM options for Boeing executive income, tech-sector RSU income, and complex income profiles
Extended construction timelines accommodated
For buyers working with a licensed custom builder on a Kennydale lakefront or view parcel, May Creek corridor lot, or other private homesite
Covers land purchase and construction in a single transaction
Suited to homes designed around Lake Washington views, Cascade Mountain sight lines, and the Pacific Northwest landscape that defines Renton's premium residential settings
East Renton Highlands — The city's most active new construction neighborhood, East Renton Highlands has seen consistent production and semi-custom builder activity over the past decade. Contemporary single-family homes on larger lots, with open-plan layouts and modern finishes, draw technology professionals commuting to the Eastside and established Boeing families seeking more space than the older Highlands neighborhoods provide. Homes range from $800,000 to well above $1 million, with upper-tier builds entering Jumbo territory and requiring Jumbo One-Time Close programs.communities. Ivory Homes has a strong track record and a well-established One-Time Close construction financing process that works seamlessly with purchase financing.
Highlands Infill — The broader Highlands neighborhood sees occasional infill construction on lots where older homes have been removed or where parcels are subdivided. These builds tend toward the middle of Renton's price range and are well-served by standard One-Time Close programs within the conforming limit.
Kennydale Custom Builds — The most distinctive construction opportunity in Renton. A small supply of view and waterfront-adjacent parcels in Kennydale allows buyers to build custom homes designed specifically around Lake Washington's setting — with window walls facing the lake, outdoor living areas oriented toward the water, and architecture suited to the Pacific Northwest landscape. Total project costs for Kennydale custom builds on premium parcels regularly enter Jumbo territory, requiring Jumbo One-Time Close programs and builders with experience at this level.
Maple Valley and Covington — South and southeast of Renton, Maple Valley and Covington offer more available lots at lower land costs than Renton proper, with active production builders and acreage custom build opportunities. One-Time Close programs are available throughout these South King County communities for buyers whose build priorities extend beyond Renton's city limits.
Experienced in One-Time Close Construction financing with production, semi-custom, and fully custom builders throughout South King County
Knowledge of Renton's new construction landscape — East Renton Highlands production builds, Kennydale custom parcels, Highlands infill, and surrounding South King County communities
Jumbo One-Time Close programs for Kennydale lakefront and view builds and upper-tier East Renton Highlands construction
Physician One-Time Close programs for UW Medicine Valley Medical Center physicians and South King County healthcare professionals
Understanding of Boeing and aerospace income documentation for construction loan qualification
Single point of contact from lot selection through move-in
20+ years of experience — NMLS #235295
Qualified Builder Required — Your builder must be licensed, insured, and approved through the loan underwriting process. Active South King County builders are typically readily approvable; custom builders require additional credentialing documentation.
Construction Plans and Budget — Production and semi-custom purchases use standard contracts. Custom builds in Kennydale and on premium view lots require full plans, permits, and a detailed budget before underwriting.
Strong Borrower Profile — Income, credit, and reserve requirements align with the appropriate conforming or Jumbo program tier. Boeing income documented with W-2s and overtime history; tech-sector income with RSU grant schedules and vesting records.
Realistic Timeline — Production homes in South King County typically run 6-10 months. Kennydale custom builds and other complex sites run 10-18 months. One-Time Close programs are structured for both.
Pre-Qualification — Review your income, assets, builder, and community to identify the right program.
Builder Approval — Your South King County builder is reviewed and approved as part of underwriting.
Single Closing — One closing covers lot, construction financing, and permanent loan — before a single foundation is poured.
Construction Draws — Funds released as your builder reaches milestones. I coordinate with the builder throughout.
Completion & Conversion — Your loan converts automatically at completion. No second closing. No re-qualification.
Yes. Jumbo One-Time Close programs cover custom builds on Kennydale view and lake-adjacent parcels, including land acquisition and construction in a single loan with rate locked at origination. These programs accommodate the longer build timelines typical of custom construction on premium Lake Washington-area lots.
Yes. Physician One-Time Close programs allow qualifying healthcare professionals to build in Renton and throughout South King County with favorable terms — including low or no down payment and no PMI, and at Jumbo loan amounts where applicable.
Boeing overtime with a two-year documented history is fully eligible as qualifying income for One-Time Close Construction loan approval. I work with Boeing employee buyer profiles at the Renton factory regularly and understand how to present all components of Boeing compensation — including base pay, overtime, and shift differentials — for construction loan underwriting.
Building your new home in Renton starts here. Let’s talk through your builder, your site, and your timeline.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
