CONSTRUCTION-TO-PERMANENT LOAN PROGRAM
A construction-to-permanent loan offers a seamless financing solution that covers both the building of your home and its transition to permanent financing once construction is complete. This efficient option means just one closing, one set of closing costs, and the opportunity to lock in your interest rate early on.
Recognizing that your situation might be distinct, our construction-to-permanent loan is designed to be adaptable and accommodates your specific needs, allowing you to:
Finance Your New Lot Purchase and the Home Construction
Finance the Construction of the New Steel Home on Land You Already Own
Purchase an Existing Home, Demolish It, and Rebuild a New Steel Home
Save time and money
Financing the lot and the construction through a single loan that automatically transitions to permanent financing upon completion of your home saves both time and money. This streamlined approach involves just one process and one set of closing costs.
Locked interest rate and terms upfront provide peace of mind
By locking in the interest rate at closing, you can precisely determine your principal and interest payments once your home is completed. We provide construction terms ranging from 12 to 18 months. You have the flexibility to tailor the duration you need after consulting with your builder.
Lower interest-only payments during the construction phase
During the construction phase, you only pay interest on the funds disbursed for your project, helping to keep costs manageable. As construction progresses and your builder reaches new milestones, both the interest and the amount disbursed will increase accordingly.
