Construction -To-Perm Loans

Construction-to-permanent loans streamline the process by combining both construction and mortgage financing into a single loan. With only one closing, you avoid the extra time and costs associated with a second closing.

These loans also offer security with options such as rate lock or float down, allowing you to secure a favorable rate. You can make prepayments without incurring any penalties, and you’ll only pay interest on the funds as they are used during construction. Once your home is completed, the loan converts into a permanent mortgage.