From blueprint to keys with one close.
Construction-to-permanent financing funds the build and automatically converts to your regular mortgage when the home is finished — one application, one closing, one set of costs. No re-qualifying halfway through, no second closing bill, no gap where the market moves against you.
Buyers building on their own land or with a custom builder, and homeowners planning a renovation big enough to need construction financing. If you already own the lot, its equity often covers some or all of the down payment.
Builder contract, plans, specs, and budget come together into one underwritable file.
Rate and permanent terms are set before ground breaks.
The lender releases funds by inspection milestone; you pay interest only on what's drawn.
Certificate of occupancy triggers automatic conversion to your permanent mortgage.
Not necessarily — many builders' timelines let you stay put until completion, and we can structure around your equity. It's a sequencing conversation, and we've had it many times.
A signed contract, plans and specs, a line-item budget, and typically a builder approval package. Established local builders have this drill down cold.
Extensions exist, and contingency reserves are built into the budget up front. The single-close structure means overruns are a project conversation, not a re-qualification event.
Every scenario is different — program guidelines, rates, and qualifying criteria vary by lender and change over time. The fastest way to a real answer is a conversation. This page is general information, not a commitment to lend.