The Loan to Value may change depending on the project. Call for information on our current requirements.
Financing for construction loans is usually interest only for an 18 month period at a rate determined by market conditions.
To apply for a Construction-to-Permanent loan, please contact one of our team members.
Minimum down payment is the greater of the level required by regulatory statute or the amount sufficient to offset the credit risk in the transaction.
A Construction-to-Permanent loan is a residential mortgage loan that combines the construction phase with a fully amortized mortgage so that you only have to attend one closing.
A construction to permanent loan typically has a 12 month interest only period during the construction phase followed by a fully amortized mortgage loan.