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A Construction-to-Permanent loan allows you to shop for just one loan when building a new home. It covers the financing during the building process and then transitions into a permanent loan once construction is complete, saving you the additional time and closing costs of two separate loans.
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Construction Loan Features: Used when building a new home or substantially improving an existing home; An Adjustable Rate Mortgage provides for a low initial interest rate for either the first 5, 7 or 10 years beginning with the construction and into the permanent mortgage phases of your mortgage*
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FHA 203(k) loans are backed by the federal government, and are a great loan option for those who want to purchase a home and perform upgrades, repairs, remodel or customize to their needs and wants. A renovation loan lets you stay in your current home and neighborhood, learn more about how you can get the home of your dreams!
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