Buying an existing home isn’t the only path to homeownership. Many Wyoming buyers are choosing to build so they can create a home that fits their lifestyle from the very beginning. While financing new construction may sound more complicated, today’s lending options have made the process much easier. A One Time Close Construction Loan combines construction financing and your permanent mortgage into a single loan, making it one of the most convenient options for custom home financing in Wyoming.
At Harvell Homes, we’re proud to build thoughtfully crafted homes within Story House Village in Sheridan, an emerging 240 plus acre planned community designed around open space, future trails, neighborhood gathering places, and Wyoming’s timeless character. Combined with flexible financing options, building a custom home has never been more achievable.
What Is a One-Time Close Construction Loan?
A One Time Close Construction Loan is exactly what its name suggests. Instead of obtaining one loan to finance construction and another mortgage after your home is complete, everything is handled through a single loan and one closing before construction begins. As your home is built, loan funds are distributed according to the construction schedule. Once construction is complete, the loan automatically converts into your permanent mortgage without requiring another application, another round of closing costs, or refinancing.
For many buyers, this creates a simpler and more predictable financing experience. You’ll know your financing is already in place before construction starts, allowing you to focus on selecting finishes, watching your home take shape, and preparing for move in day.
Why More Wyoming Buyers Are Choosing This Financing Option
One Time Close Construction Loans have become increasingly popular because they remove many of the uncertainties traditionally associated with building a home. Instead of navigating multiple loans and multiple closings, buyers complete the financing process upfront and move through construction with confidence.
This approach can also reduce closing costs, simplify paperwork, and eliminate the need to qualify for a second mortgage once construction is finished. Many lenders also offer the ability to lock your interest rate before construction begins, helping protect against future market changes while your home is being built.
For anyone considering custom home financing in Wyoming, a One Time Close loan offers convenience, financial predictability, and peace of mind throughout the building process.
Building at Story House Village
Financing is only one part of creating your ideal home. Choosing the right community is equally important.
Harvell Homes is proud to build within Story House Village, Sheridan’s emerging master planned community spanning more than 240 acres. The community is being thoughtfully designed to encourage connection while preserving the natural beauty and Western character that make Sheridan such a desirable place to live. Plans include generous open spaces, future walking trails, neighborhood gathering areas, and carefully designed streetscapes that promote a welcoming atmosphere.
Rather than simply purchasing a house, homeowners have the opportunity to become part of a community built for lasting relationships, outdoor living, and future growth. Combined with Harvell Homes’ commitment to quality craftsmanship and functional home design, Story House Village provides an exceptional setting for building your next home.
Is a One Time Close Construction Loan Right for You?
A One Time Close Construction Loan is an excellent option for buyers who know they want to build instead of purchase an existing home. Whether you’re relocating to Sheridan, building your forever home, or looking for a community where you can put down roots, this financing option provides a straightforward path from planning to move in. By combining construction and permanent financing into one loan, you’ll spend less time managing paperwork and more time focusing on the exciting decisions that make your new home uniquely yours. For many families, it’s one of the most practical approaches to custom home financing in Wyoming.
Planning Ahead Makes the Building Process Easier
Preparing for your new home starts well before construction begins. Meeting with a lender early allows you to understand your financing options, establish a comfortable budget, and determine which loan program best fits your goals. Once financing is in place, you can work with the Harvell Homes team to select a floor plan, personalize your home’s features, and prepare for each phase of construction. With thoughtful planning and the right financing solution, building a custom home at Story House Village becomes an organized and rewarding experience from start to finish.
Let Harvell Homes Help You Build with Confidence
Building a custom home should be an exciting experience, not an overwhelming one. At Harvell Homes, we work closely with homeowners throughout every stage of construction while helping coordinate with trusted lending partners to make the financing process as smooth as possible. From selecting the right floor plan to watching your home come to life, our team is committed to delivering a quality home and an exceptional building experience.
Ready to Build Your Home in Wyoming?
If you’re exploring custom home financing in Wyoming, now is an excellent time to learn how a One Time Close Construction Loan can simplify your journey. Contact Harvell Homes today to discover available homes at Story House Village and take the next step toward building the Wyoming home you’ve been dreaming about.