Single Loan Process
Your loan seamlessly transitions from construction to permanent financing.
Construction-to-Permanent Loans
Build or renovate your dream home.
You could reduce stress, save time, and minimize your expenses with a one-time closing.
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Create your perfect home.
How it Works
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One-Time Closing
There is just one closing for the construction phase and the permanent mortgage. This not only reduces stress, it could also save you time and costs!
Turning Your Dream Home into Reality
We understand that building or renovating your dream home is a unique journey. Contact us today to create the perfect home for you and your family.
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Versatile Financing:
Whether you're constructing a new home on your own lot, financing both the lot and construction, or undertaking major renovations, we've got you covered.
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Cost Savings:
Minimize expenses with one-time close, a low application fee of $950, and competitive rates.
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Lower Down Payment:
Begin your project with only 10% down payment.
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Local Processing:
Enjoy the convenience and confidence of local processing and closing for a smoother experience.
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Free Guide:
Access our free guide on Construction-to-Permanent Financing for detailed insights and tips.
Connect with a Construction Loan Officer
Connect with one of our dedicated Construction Loan Officers for personalized service and expertise. We’ll discuss your project, financing options, and any questions you may have about the construction-to-permanent loan process.
This program creates one loan by combining your construction financing and the permanent mortgage loan. Our Construction Loan Officers will guide you through this process.
There are three eligible project types:
- Financing the construction of a new home on a lot you already own.
- Financing the purchase of a lot and the home construction.
- Financing major renovations on your existing home.
Because we live and work where we lend, we know the ins and outs of the local market. Our understanding of local trends like housing prices, the costs of living, and the general economy makes a big difference as you complete the loan application process.
Yes, our program allows you to finance your existing home's renovation costs and lien(s) into one loan.
If you are purchasing a lot along with construction, a minimum down payment of 10% is required. However, if you already own the lot and have sufficient equity, your down payment could be zero.
Yes, you will need to be a member in order to complete your loan application. See our Become a Member page for information on joining Coastal today!
Connect with one of our Construction Loan Officers above and we will be happy to help answer any questions you have.