Construction-To-Perm.com
Title
Build your dream home, gain instant equity, and lock in at today's low rates with a Construction to Permanent loan
Description
Excerpted from the website:
- This program is designed for the borrower who wishes to obtain a first mortgage loan to construct or rehabilitate a primary residence or second home and obtain permanent financing. The program provides for both a construction and permanent loan. The borrower signs one set of loan documents that cover both the interim construction phase and the permanent loan phase. The borrower may choose from several loan products (Fixed and ARM) and rate lock options that offer a variety of features. The construction period can vary in length between 6, 9, and 12 months.
