New Construction Loans in Moncks Corner, SC: A Guide to VA, FHA, Conventional, OTC, and Investment Options

Thinking about building your dream home in Moncks Corner? You’re not alone. With its scenic waterways, available raw land, and close proximity to Charleston, more families, veterans, and investors are choosing to build new homes tailored to their vision rather than purchase homes in pre-planned neighborhoods. Financing new construction, however, requires a specialized approach. That’s where new construction loans—including One-Time Close (OTC), two-time close, and investor-focused options—come into play.

What Are New Construction Loans?

New construction loans are designed to finance the building of a new home or property from the ground up. Depending on the program, these loans may be structured as one-time close (single-close) or two-time close (construction-only followed by permanent mortgage). Each option offers different benefits based on your goals, lot status, and whether you’re a homeowner or investor.

One-Time Close (OTC) Construction Loans

OTC loans combine the construction and permanent mortgage into one closing. You lock in your rate before breaking ground and avoid the complexity of multiple approvals. These are especially useful for buyers with land ready to build or a general contractor selected.

Two-Time Close Construction Loans

Some borrowers prefer or require a two-time close process, where construction is financed first, then converted or refinanced into a standard mortgage. This may be better for buyers who already own land or want more flexibility during the build. These options can be particularly advantageous when building a custom home on rural acreage.

Loan Programs Available in Moncks Corner

Where to Build in Moncks Corner

Unlike many surrounding towns, Moncks Corner still has generous raw land options. Build near Lake Moultrie, on acreage off Old Highway 52, or along peaceful tracts near Cypress Gardens Road. Whether you want to be close to outdoor recreation, small farms, or just need more space, the options are endless.

Already own a lot? Even better. If not, our team can help you locate and evaluate properties eligible for your preferred loan type.

Permits, Zoning, and Impact Fees

Before you build, it’s important to understand zoning requirements and potential fees. We walk you through:

• Berkeley County permit requirements
• Moncks Corner utility and water/sewer availability
• Road, school, and infrastructure impact fees that may apply

📍 Berkeley County Permitting Office

Address: 1003 Hwy 52, Moncks Corner, SC 29461
Phone: (843) 719-4292
Website: berkeleycountysc.gov/dept/building

📍 Town of Moncks Corner Utilities Department

Address: 118 Carolina Ave, Moncks Corner, SC 29461
Phone: (843) 719-7965
Website: monckscornersc.gov

💰 Moncks Corner & Berkeley County Impact Fee Estimates

Fee Type	Estimated Cost	Applies To
Water & Sewer Tap Fee	$3,500 – $6,000	New utility connections
Road Impact Fee	$1,500 – $2,200	Residential development
School Impact Fee	$2,000 – $3,000	Single-family homes
Building Permit	Varies by size & scope	All new construction

Note: These fees are estimates and vary based on project details. Always verify with the respective office before budgeting.

Start Your Construction Journey with The Local Ledger

We work with a curated network of experienced construction lenders to bring you the right solution for your property and budget—and we combine that with deep local expertise to ensure your custom home project stays on track.

Apply now to get started or schedule a consultation to compare construction loan options and land availability around Moncks Corner.

Your custom home is waiting. From lakefront lots to wooded retreats, we help you find the land, the loan, and the builder to make it happen.

Don’t miss our other helpful resources on Historic Moncks Corner and Lowcountry neighborhood insights.