With construction-to-permanent financing from Citizens One Home Loans®, you can start putting your plans into action. This special program allows you to combine your construction financing and permanent mortgage into one loan. It’s just one of the ways we help simplify the process of financing new home construction.
Just a few of the benefits of our construction-to-permanent program:
Peace of mind. Lock in the interest rate for your permanent loan before construction begins. Choices. Choose a fixed-rate loan or a 5/1, 7/1 or 10/1 adjustable-rate mortgage with jumbo financing options available. For primary residences, we even offer up to 90% financing for loan … (1 comments)
construction to perm: Do construction to permanent loans with 90% LTV exist??
- 11/09/17 07:03 AM
YES!! At Citizens One Home Loans, we offer 90% financing for loan amounts up to $850,000! Physicians and Dentists can go to 89% up to $1M using our Doctor Program. Best part, there is No Mortgage Insurance for either of these products. Whether your’re building or renovationg, you can save time and money with construction-to-permanent financing. Our program allows you to combine your construction financing and permanent mortgage into one loan, with a whole range of added benefits. Our CP program is a true one time close loan. You choose your final / permanent rate up front, lock it in and close with that … (1 comments)
construction to perm: What is a True One-Time Close Construction to Perm?
- 07/21/17 02:03 PM
Traditionally, customers looking to build a custom home would seek out a "Two Time Close" construction to permanent loan. With this type of loan, the customer would obtain financing for the construction and once the home is complete; a permanent loan is taken out to pay off and close the construction loan. This requires that the borrower qualify twice, have the home appraised twice, pay two sets of closing costs and is subject to possibly rising interest rates. This also opens up the possibility of not being able to qualify for the permanent loan due to higher interest rates, change of … (0 comments)
construction to perm: Construction to Permanent Mortgage
- 07/06/17 11:20 AM
Start building your dream home with a Home Construction Loan from Citizens One Home Loans Financing the construction of your home requires a mortgage that will meet your unique construction needs. If you've decided you want to build your new home, you may be able to use our Construction-To-Permanent Loan to help get your dream started. A Construction-To-Permanent Mortgage Loan is designed to take you from purchasing the lot through completion of construction with one loan. Instead of obtaining separate lot and construction financing, as you approach the end of your construction period, work with your lender to transition from a construction loan to a … (1 comments)
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