Benefits of a Construction-To-Perm loan include interest-only payments during construction, a single set of closing costs, and no prepayment penalties. During the construction phase, the minimum monthly payment is interest-only for the amount drawn on the construction loan.

  • Financing available up to conforming and High Balance loan amounts
  • Rate - Locked prior to close
  • Extended Lock option available
  • Up to 12 months for construction
  • Save on closing costs with one closing

When considering a Construction-to-Perm Loan, keep these factors in mind:

  • These loans require a licensed contractor to conduct and oversee the construction project
  • The loan can be up to 95% of the appraised value of the completed project, the lesser of the two