Construction to Perm Financing
Are you ready to build your dream home?
A Construction to Permanent Loan may be the solution for you. Construction to Perm Financing is a three-stage mortgage that allows you to finance the steps from purchasing the lot through completion of construction with one loan. Instead of going through loan applications for separate mortgages. As you finish your construction period, we will work with your lender to transition from a construction loan to a permanent loan.
At First American Mortgage we aim to make this process easy and convenient. With one upfront closing and one set of closing costs, you'll save time and money.
Who qualifies for construction to perm financing?
The borrower must buy the lot and finance the construction
Income and credit requirements apply
Flexible fixed and adjustable rate loan options are available
Great solution for those who plan to build a primary or vacation home!
Contact your First American Mortgage loan officer to get pre-qualified for construction to permanent financing options!