West Jordan has one of the most active new construction pipelines in Salt Lake County. Ivory Homes, Richmond American, Woodside Homes, and other national and regional builders are actively building in the city’s western growth corridors — delivering modern, energy-efficient floor plans with mountain views, well-rated schools in the Jordan School District, and proximity to freeway access that puts the entire valley within reach. For buyers who want to build with a national builder or configure a new home from the ground up, a One-Time Close Construction Loan is the most efficient financing tool available: one closing, one rate lock, and automatic conversion to permanent financing the moment your home is complete.
A One-Time Close Construction Mortgage Loan combines the construction financing and the permanent end loan into a single transaction with a single closing. You qualify once, close once, and convert automatically when construction is complete.
How the three phases work:
Construction Phase — After closing, funds are disbursed to your builder in draws as construction milestones are reached. You pay interest only on the funds disbursed during this phase.
Conversion — When construction is complete and the certificate of occupancy is issued, the loan converts automatically to your permanent mortgage with no second application, no second appraisal, and no re-qualification.
Repayment Phase — You begin making standard principal and interest payments on your permanent mortgage.
Key Features:
Single closing — one set of closing costs, one qualification process
Rate locked at closing — protects you from market movement during construction
No re-qualification at conversion — your approval holds regardless of market changes
Draw schedule aligned with builder milestones — funds release as work is verified complete
Available for primary residence and, in select programs, second homes
Conventional, jumbo, and physician program variants available
Designed for Portland buyers purchasing in upper-tier neighborhoods including Southwest Hills, Irvington, Laurelhurst, and Pearl District luxury condominiums. Flexible income documentation to accommodate Silicon Forest executives with RSU income, tech-sector bonus structures, and non-traditional compensation from Nike, Intel, Adidas, and Columbia Sportswear.
For custom builds in the Portland West Hills, Washington County luxury communities like Thompson Woods, or Dunthorpe lots where construction costs and final home values will exceed conforming limits. Higher down payment requirements apply; income documentation follows our jumbo qualification standards.
For buyers working with Portland-area custom builders — Noyes Development, Riverside Homes, Renaissance Homes, and others — on architect-designed primary residences. We work directly with the builder to establish a draw schedule aligned with their construction timeline and communicate proactively throughout the process.
Reed's Crossing — Hillsboro
Oregon's largest master-planned community encompasses over 4,000 homes across multiple builders in the suburb of Hillsboro — home to Intel's global operational hub. Reed's Crossing includes a town center, parks and pathways, indoor and outdoor pools, and a commitment to plant a minimum of 250 trees per year. Builders active in the community include Taylor Morrison, Pulte Homes, and David Weekley Homes, with homes priced from approximately $400,000 to over $1 million. The community's proximity to Intel's Hillsboro campuses makes it a primary destination for Silicon Forest employees entering homeownership.
Thompson Woods — Bethany
Developed by Toll Brothers and West Hills Homes NW in the Bethany neighborhood of unincorporated Washington County, Thompson Woods delivers two- and three-story single-family homes with daylight basement options, luxury finishes, and starting prices around $750,000 — with much of the inventory above $1 million. The community is zoned for Beaverton School District's Sunset High School and provides easy access to Forest Park and Highway 26. This is a primary destination for Portland tech and apparel executive families.
Bethany Crossing — Bethany, Portland
Taylor Morrison's Bethany Crossing community offers townhomes from approximately 1,200 to 1,600 square feet with 2 to 3 bedrooms and customization options. Priced accessibly for first and second movers, the community serves Beaverton School District campuses and provides a Highway 26 commute to downtown Portland and the Silicon Forest corridor.
South Waterfront and Urban Infill — Portland
In the South Waterfront district — developed around OHSU's research and clinical campus — new high-rise residential construction continues to deliver urban condominiums and townhomes adjacent to the aerial tram, the Willamette Greenway, and the future Waterfront Park extension. Urban infill construction across Portland's close-in neighborhoods — from North Portland's industrial-to-residential conversions in St. Johns to emerging development in the Central Eastside — provides custom and semi-custom build opportunities for buyers who want Portland's established neighborhoods with new construction quality.
One-Time Close expertise across multiple program tiers — conforming, jumbo, and physician
Active relationships with Portland-area builders including Toll Brothers, Taylor Morrison, Pulte Homes, Noyes Development, and Riverside Homes
Draw schedule management aligned with builder construction timelines
Rate lock at close — your rate is protected through the full construction period
Jumbo construction experience for Thompson Woods, Dunthorpe custom builds, and West Hills architect-designed homes
Physician One-Time Close programs for OHSU-affiliated physicians commissioning their first custom home
Transparent process — you know the draw schedule, the conversion terms, and the permanent payment before the first shovel moves
Ryan Lehrman, NMLS #235295
Credit: Minimum 680 for conventional programs; 700–720 for jumbo construction
Income: Fully documented; W-2, self-employment, RSU, and offer letter income all considered depending on program tier
Down Payment: Typically 5%–10% for conventional; higher for jumbo; physician programs may allow lower down payments with appropriate credentials
Builder Requirements: Licensed Oregon contractor (CCB license required), approved construction contract, and verified draw schedule
Pre-qualification — We assess your income, assets, and construction plans to identify the right program tier and maximum loan amount before you finalize a builder contract.
Builder and contract review — We work with your builder to confirm CCB licensing, review the construction contract, and establish a draw schedule that matches their build timeline.
Single close — We close the loan before construction begins. Your rate is locked. Construction financing is in place.
Draw management through construction — We coordinate draw requests with your builder as milestones are completed and inspections are verified.
Conversion to permanent mortgage — At certificate of occupancy, your loan converts automatically. No second appraisal, no re-qualification, no second closing.
A two-loan approach — separate construction loan, then end loan — requires you to re-qualify at the time of conversion. If your income has changed, if market rates have moved significantly, or if the appraised value of the completed home is different from the original estimate, you may face challenges at re-qualification. A One-Time Close eliminates that risk entirely. You qualify once, close once, and convert automatically. In Portland's current environment, where construction timelines can extend 9 to 18 months, the rate lock protection alone is a meaningful financial benefit.
Yes. Our physician One-Time Close Construction program is available to attending physicians and, in select programs, to fellows with signed employment agreements. OHSU physicians commissioning custom builds in the Portland West Hills, Dunthorpe, or Washington County communities have used this structure to build their long-term home rather than compete for existing inventory in neighborhoods where finished properties at their price point rarely come to market.
Most established Portland-area builders — including Toll Brothers, Taylor Morrison, Pulte Homes, David Weekley Homes, Noyes Development, and Riverside Homes — are fully familiar with One-Time Close Construction financing and understand the draw schedule, inspection, and milestone process. For buyers working with smaller custom builders, we walk the builder through our requirements at the start of the process to ensure there are no surprises during construction.
In many cases, yes. If you have not yet purchased the lot, we can structure the construction loan to cover both the lot acquisition and the construction costs in a single transaction. This is particularly useful for buyers pursuing urban infill lots in Portland's close-in neighborhoods or Dunthorpe parcels where lot and construction are being negotiated simultaneously.
Building your new home in Portland 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.
