Listed in Home Construction Loans
- 84 Pine Street, Burlington, VT 0540
- (888) 252-0202
A construction-to-permanent loan is the conversion loan of a construction loan to a traditional mortgage loan after the construction is complete.
Available only on primary residences
Construction term from six – eight months
Involves only one closing with modification documents signed at the time the construction is complete
Maximum loan – to- value is 75% based on the lesser of the appraised value or full purchase price as documented by the cost of the land and contracts to build