Our Construction Loans are a one-time closing, construction-to-permanent mortgage loan. The loan provides funds for the acquisition or refinancing of an unimproved residential building lot and the construction of a residential, one-family, owner occupied dwelling. At closing, the borrower signs all construction and permanent loan documents. During the construction period the borrower makes only interest and escrow (if applicable) payments. After the home is completed and all construction funds are disbursed, the loan converts to a permanent loan with regularly scheduled payments of principal, interest and escrow (if applicable).
Terms and conditions