The typical timeline for a one-time close construction loan can vary depending on the lender and the specific terms of the loan. However, here is a general overview of the process:

1. Pre-qualification and Application

The borrower applies for the loan, provides income and asset documentation, and gets pre-qualified for the loan.

2. Approval and Closing

Once the loan is approved, the borrower closes on the loan, providing the down payment and any other necessary funds.

3. Construction Phase

The borrower uses the loan funds to pay for the land and construction costs. The borrower makes interest-only payments during the construction phase.

4. Inspection and Draw

As construction progresses, the lender will inspect the construction site and authorize draw payments to the contractor.

5. Final Inspection and Close

Once construction is completed, the lender will conduct a final inspection of the property and release the remaining funds. Once the final inspection is passed, the loan is closed and the borrower takes possession of the property.

6. Permanent Phase

The borrower begins to make principal and interest payments on the loan.

The duration of construction phase can vary, but on average it takes around 6-12 months to construct a home, this can be affected by the complexity of the project, weather conditions, permits, and other factors.

A manufactured home construction mortgage is a type of loan used to finance the construction of a manufactured home. These types of loans are typically offered by specialized lenders, as the construction process and regulations for manufactured homes can differ from those for traditional stick-built homes. The loan is typically used to pay for the cost of the land, the cost of the manufactured home itself, and any site preparation and installation costs. The borrower typically makes interest-only payments during the construction period, and then begins making principal and interest payments once the home is complete and the loan is converted to a traditional mortgage.

Here are some typical items that a lender may require when applying for a manufactured home construction mortgage:

1. A detailed construction plan, including site plans, floor plans, and specifications for the manufactured home.
2. Proof of income, such as pay stubs and tax returns, to demonstrate the borrower's ability to repay the loan.
3. A credit report, to assess the borrower's creditworthiness and credit history.
4. A down payment, which can vary depending on the lender and the specifics of the loan.
5. Proof of land ownership or a land purchase contract if the land is not already owned.
6. A detailed cost estimate for the construction project, including the cost of the manufactured home, site preparation, and installation costs.
7. Proof of insurance for the manufactured home, including property and liability coverage.
8. Any additional documentation required by the lender, such as proof of business ownership or a construction contract.

It's important to note that the lender's requirements may vary depending on the lender, the specific loan product and the location you are building it. It's always best to check with the lender before submitting an application.