Construction To Perm Mortgage Loan

The perfect loan to help you build your future.

Building your dream home is full of excitement and many decisions. We make it easy to decide on your loan type with our Construction to Perm option. 

A Construction/Perm loan, also referred to as a C/P loan, allows for a borrower to purchase a lot/parcel of land or an existing house, and provides an initial Construction period during which the construction or extensive renovation of the house is completed.  When the Construction phase has been completed, the loan is modified into a Permanent loan, with a 15 or 30 year amortization period.  As a single loan, this product takes the place of a separate construction loan that would otherwise have to be refinanced into a separate end loan.

A Construction To Perm loan may provide you with the opportunity to design your home, customized to fit your needs, in the location of your choice.  It may also provide you with an opportunity to renovate or redesign a home in a great location but in need of updating and customization. 

Construction-To-Perm Home Loan Tips

Experienced Lender

Work With an Experienced Lender

There are a lot of details involved in this transaction, don't risk using someone new CP Loans.

Find The Right Builder

Find The Right Builder

A great way to determine if a builder's work is up to your standards try talking to past customers and touring their homes.

Set A Budget And Stick To It

Set A Budget And Stick To It

Avoid making last-minute upgrades or changes to ensure you don't spend more than what you have budgeted.

Get The Right Type Of Loan

Get The Right Type Of Loan

Construction loans are different because they provide funding for the purchase of the home and the construction of the home.

Knowledge is power. Learn how a C/P loan works.