Construction Perm Loans
A construction-to-permanent loan combines financing for home construction and a long-term mortgage into one loan, eliminating the need for multiple applications or closings. During construction, borrowers make interest-only payments, and once the home is complete, the loan automatically converts into a traditional mortgage. This type of loan helps reduce closing costs, streamlines the financing process, and provides a smooth transition from building to homeownership. Ideal for custom home builds or major renovations, construction-to-perm loans offer a convenient and cost-effective solution for financing a new home.
A Simple Way to Build and Finance Your Home!
A construction-to-permanent loan simplifies the home-building process by combining construction financing and a traditional mortgage into a single loan. Instead of applying for separate loans, this option allows you to finance the cost of construction and seamlessly transition into a permanent mortgage once your home is complete. During construction, you typically make interest-only payments, and once the build is finished, the loan converts into a standard mortgage with fixed or adjustable terms. This eliminates the need for multiple closings, reduces fees, and streamlines the financing process.
Whether you're building a custom home or making significant renovations, a construction-to-perm loan provides a flexible and efficient way to finance your project while ensuring a smooth transition to long-term homeownership.
Construction Perm Loans Process
Complete our form to get started.
Receive personalized loan options based on your unique criteria.
Compare mortgage rates and terms to find the best fit for you.
Select the loan offer that meets your needs and begin your journey to homeownership!