Construction To Perm

Construction To Perm

1 Time Up Front Closing

11 Month Construction Build Period

*** Interest Rate Float Down option -> (When the home is complete, if the market rates have improved – you will benefit from the improved rate. If the market rates have increased – Your loan will have been locked in at the initial closing to prevent rate increases for you) ***

Key Points

  • VA up to $4 Million – 100% Financing – Minimum Credit Scores 620
  • Conventional up to $726,200 – Minimum Credit Scores 700
  • Owner Occupied 5% Down | 2nd Home is 10% Down | Investment is 15%

DID YOU KNOW

With a construction/perm loan you can buy the land and build your dream home all upfront in 1 transaction? You do not have to pre own the land, but if you do and have owned it for 12 months that will enable you to use the current market value as equity towards your down payment.

*** Less than 20% Down will require Standard Private Mortgage Insurance ***