CONSTRUCTION FINANCING

Construction / Perm Mortgage

A construction/Permanent or C/P mortgage allows homebuyers to purchase a home site, finance the construction of your home and provide permanent financing with only one closing. C/P mortgages have numerous advantages over traditional construction financing, including reduced closing costs, extended rate locks, the security of knowing permanent financing is in place, and additional tax savings for most purchasers. C/P mortgages also allow people to use their land as the down payment on a new home. If your planning on building a new home, ask your loan officer about a construction/perm mortgage.

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