Phone: (800) 868-4262

Construction-To-Permanent Loans

Build your dream home! A construction-to-permanent loan is the conversion of a construction loan to a longer-term traditional mortgage after construction has been completed.

Features

• Enjoy only one closing, saving the cost of multiple closings, with a Modification Agreement signed at completion
• Loan-to-Value is calculated on the lower of the appraised value or the purchase price as determined by the documented cost of the lot plus the contract price to build the house
• Generally the construction term is 180 days.
• Available in NC, SC and VA

Coastal Federal Credit Union, Member NCUA, Equal Housing Lender