A construction-to-permanent mortgage is a mortgage that funds the construction of a new home. The mortgage is closed for the total loan amount, and the funds are withdrawn over time based on how much of the home is completed.

Benefits of a Construction-to-Permanent Mortgage:

• You are building a new home and want more control with your builder
• Loan amounts to $2,000,000+
• Interest-only payments during construction
• Option to secure the rate during construction
• Fixed or adjustable rate mortgage
• Loans for primary, secondary homes or investment properties