A construction loan that can be converted to a longer-term traditional mortgage after construction is complete. Some construction loans are not convertible, requiring the borrower to obtain separate permanent financing; construction to permanent loans contain provisions allowing the conversion of a construction loan into a conventional mortgage.
Related information about construction to permanent loan:
- Construction-to-Permanent Loans
A construction-to-permanent loan may be right for you if you: ... In order to qualify for a construction-to-permanent loan, you must meet the following requirements ...
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BB&T offers many mortgage loan options including Construction to Permanent Loans. You may want to build a house or renovate your existing house.
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With Capitol Federal's True Blue® Construction-to-Permanent Loan program, you can enjoy the convenience of one loan throughout the building process and ...
- Construction loans FAQs
May 15, 2002 ... You have what's known as a construction-to-permanent loan. The advantage of this type of loan is that there's only one loan application and ...
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When you build your own home or make home improvements and renovations, you may need a home construction loan to pay for everything. Many home ...
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A construction-to-permanent loan is a type of mortgage you can use to finance both the building and the purchase of a new home. You can potentially save ...
- How to Get a Construction Loan (US): 11 steps - wikiHow
Jul 30, 2012 ... A popular construction loan today is the "one time close", also known as the "all- in-one," "rollover" or "construction-to-permanent" loan.
- How to Apply for Construction-to-Permanent Loans
With a construction-to-permanent loan, you can avoid two applications and just get one loan. You get one loan that pays for the construction costs and then ...