Single-Close Construction-to-Permanent
Lot + Construction + Permanent 30-Year Mortgage in 1 Loan
Combines your construction financing and permanent fixed mortgage into one loan with a single closing before construction starts. Protects against rising rates during the 12 to 18-month build.
- Down payments as low as 5% (or 100% financing with project equity)
- Existing project equity can cover 100% of down payment requirement
- One set of closing costs & one appraisal
- Conforming & High-Balance loan limits
- 12-18 month interest-only construction phase