Constructions to Permanent loans combine your construction loan and permanent mortgage all in one loan, with one upfront closing. Traditionally, borrowers had to obtain separate loans to build and then for the permanent mortgage. Our loan provides a cost saving alternative to the traditional two separate loans and allows borrowers to lock in their permanent loan interest rates from day one.
Most banks require a 20% down payment. We don’t! If your permanent loan is either USDA or VA, there’s no down payment required. FHA requires a 3.5% down payment. Conventional is just 5%.
Call for more details: 888-660-3696.