Construction-to-Permanent Loan

Your One-Stop Shop for Building A Home

If you're looking to build your dream home, our Construction-to-Permanent loan is the product for you. This unique financing option begins as a construction loan that allows you to build your home from scratch, then converts to a traditional mortgage once construction is complete. This loan does require that you use a builder, rather than serve as your own general contractor.

The best thing about this loan is that it features one-time closing, meaning there's no need to re-qualify for long-term financing and your permanent rate is locked in before construction even starts. After you've identified your builder, you'll make interest-only payments and disbursements will be made to the builder based on a pre-determined schedule to cover the cost of the build. When construction is complete, the loan converts to your traditional mortgage with scheduled monthly payments of principal and interest plus escrows, if applicable.