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When building your dream home from the ground up, we specialize in keeping families in their homes, school districts, friends and communities they love.

Is the One-time Close Construction Loan Right For You?

A New Construction Loan. A single loan and 1 Closing date. Take land and turn it into a Home.

The  One-Time Close construction loan does NOT require the borrower to qualify twice. For other types of construction loans the borrower applies once to pay for the construction, then applies again for the mortgage itself. Construction-to-permanent loans avoid all that by using a single loan, one closing date, and specific steps and requirements for how the loan is to proceed into construction phase and what happens once the work is completed.



With The One-time Close Construction Loan You Can: 

  • Get the financing of a new construction, single family residence on a new lot (purchase) or an existing lot already owned by the customer (refinance).
  • Allows for a single closing of the construction loan, which will be converted to a permanent loan at the completion of the construction project.


Do you want more information?

Click Here to Download Your Guide 



Don’t know if the One-time Close Loan is right for you?

What are the Benefits of the One-time Close Loan?

Some of the Benefits are:

  • You save money 
  • Reduced interest rate risk
  • No payments during construction
  • A dedicated project management team/vendor 
  • No re-qualification
What make up the construction loan costs?
  • Land Value
  • Soft Costs – Permit,engineering and architectural fees
  • Hard Costs –  Materials and labor costs
  • Contingency Reserve
  • Lot Equity

Carl and his team are great; we’ve purchased a home and refinanced through him and each transaction went smoothly and closed on time. My only regret is that we didn’t obtain our loan with Carl for our first home!

-Stephanie R., March 25, 2018, ,

We worked with Carl and his team at Benchmark in purchasing our first home. They were very accommodating. They helped settle our fears and anxieties on our first mortgage. Very professional.

– Leland F., February 20, 2018,

The whole team at Benchmark kept us informed at each step of the process, answering any questions we had along the way. Thank you to the entire Benchmark Mortgage staff. We love our new home.


– Kenneth F., March 2, 2018

Have Questions?

About Carl

Hello, my name is Carl Spiteri. Thank you for coming to my website. If you’re here, you’re looking for answers to a question. A financial question? An economic question?  I strongly believe that financial literacy paves the way to financial success. Let me help you on that road.

I have been answering questions about commercial and residential lending, credit scoring, budgeting and all things money since 1991. I have faced the same issues, the same goals and the same dreams. I analyze families’ financial situations to give them the best possible guidance.

I am an adjunct professor at Woodbury University, teaching architects about project finance. I also teach the course “Basics of Lending” for the California Association of Realtors. I broadened my own education and experience in credit and debt management so I could show you all the financial options available, from the garden variety to the out of the box choices. I figure out what makes sense financially for you and aim to explain it in the simplest and clearest terms.

My passion for financial literacy was an outlet in the non-profit partnership with Herocare, an organization committed to educating and supporting community heroes across the nation.

I know what you’re going through because I’ve been there myself. I love numbers and financial data. Let me finesse your own to fit your life.

Dream. Plan. Achieve.

Carl Spiteri | NMLS #286890
6333 Greenwich Drive, Suite 205
San Diego, CA 92122
Phone: 619.544.6444

Benchmark Mortgage DBA Ark-La-Tex Financial Services, LLC NMLS# 2143