Construction-to-permanent loans allow you to finance the construction of your new home. We specialize in construction of homes in Florida, Georgia, and South Carolina. We make it easy for you to complete your construction in a timely manner by disbursing funds each month based on your level of need.
You will begin working directly with the Loan Officer/Underwriter. We offer 12-month construction term loans. These are available to borrowers with excellent to less than perfect credit. We provide flexible draw schedules and will assist you compiling your construction timeline.
We offer the following benefits:
In accordance with your construction progress, you will receive loan disbursements each month. We will periodically inspect the area and provide you with monthly statements. At the end of this stage, a certificate of occupancy will be issued to verify that your house is compliant with building codes and is in suitable living condition.
Any part of the loan that is left will rollover from the construction phase to the permanent phase. Here are some of the costs that might be due at conversion:
Give us a call to start building your new home today!