Construction to Permanent Mortgage

Construction to Perm loans combine financing for the purchase of land, the construction of a new home, and permanent mortgage into one loan with one closing. If you already own mortgaged land, at closing the lien holder will be paid in full. Programs are available for primary residence, second homes, and investment properties.

Customer Benefits:

• A draw schedule is set up for the construction period of the home
• Customized draw schedules are available
• Lock in the interest rate for the full term of the mortgage before construction begins
• Save money by paying only one set of closing costs
• Eligible borrowers can finance soft costs and interest reserves
• Interest only payments during construction period

Securing your mortgage is as easy as