Construction / Permanent Loans

Planning on building your dream home or renovating your existing home? Construction-to-Permanent Loan is a single loan for both construction and your permanent mortgage.

• Provides a single approval and closing for the three stages
of construction:

1.Land Acquisition
2.Construction Financing
3.Conversion into a permanent home loan

• No need to re-qualify for the permanent loan when
construction is finished

• Protection from changes in mortgage rates. Lock rate on permanent mortgage up front with float down option.

Although Construction / Perm (C/P) financing is the most popular way to finance the construction or renovation of a home other apes of construction financing are available. For more information on construction loans you may contact Paul Cantor at TrustMor Mortgage Co.