Construction Loans

Construction Loans

Embark on the journey of building your dream home with Main Street Mortgage Company's diverse construction financing options. Our construction financing services are available in Houston, Texas, and its surrounding counties.

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One Time Close Construction-Permanent Loans (OTC)

At Main Street Mortgage Company, we are delighted to offer One Time Close Construction-Permanent Loans, streamlining the process for our clients. Here's what sets our OTC loans apart:

  • Single Loan Application and Closing: We consolidate the Construction Loan and the permanent mortgage into one seamless process. Say goodbye to the hassle of multiple applications and closings.

  • Progressive Disbursements: During the construction phase, funds are disbursed in stages based on the progress of the construction. This ensures that you have the necessary funds at each step of the building process.

  • Interest-Only Payments: While your home is under construction, you make interest-only payments each month, calculated on the outstanding loan balance. This provides financial flexibility during the construction phase.

  • Seamless Transition: Upon the completion of your home, the loan effortlessly transitions into a permanent mortgage. You then start making regular monthly payments covering both principal and interest.

  • Locked Rates: The construction rate and the permanent rate are established upfront during the initial loan closing, providing stability and predictability.

  • Efficient Process: With fewer options for permanent mortgage terms, our OTC loans offer a straightforward and efficient process. You don't need a refinance transaction, saving you time, effort, and expenses.

Choosing Main Street Mortgage Company for your construction financing needs means a simplified and streamlined experience from start to finish. Let us be your trusted partner in turning your dream home into a reality. For information on Lot Loans for purchasing land, please visit our Lot Loans page.

Contact Main Street Mortgage Company today to discuss your construction financing options and start the exciting journey of building your new home.

Main Street Mortgage Company

We bring a customized, unique approach to mortgages. Our lending solutions use the perfect hybrid of human-driven insights and technical prowess to process loans faster and significantly reduce costs.


(713) 528-1245



3100 Richmond Ave 
#107 Houston, TX 77098

Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department's website at A toll-free consumer hotline is available at 108770276-5550.
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