Construction Perm Loans

Construction perm loans are financial products that cover the cost of building a new home. They provide funding during the construction phase and then convert into a permanent mortgage once the home is completed. This means you only go through the application process once, simplifying financing. Typically, the loan covers construction costs, and once the home is built, you can start making regular mortgage payments. This type of loan can help streamline the process of financing both construction and long-term home financing into one seamless product.