February 18th, 2017 10:21 PM by Eddie Hoskins
Construction to Permanent Mortgage Loans!
We Offer FHA and VA Construction to Permanent Mortgage Loans in Florida!A FHA 3.5% down payment and VA 0% down payment construction to permanent mortgage loan combines the features of a construction loan and a traditional long term 15 or 30 year fixed rate residential mortgage loan with a single loan closing prior to the start of construction. This is a big advantage because most construction loans require two closings one for construction and then another one when the home has been completed, saving you time and money. One of the best things is that you don't pay any interest or mortgage payments during the construction of your new home. The process takes about 90 days from start to finish and we allow the builder up to 8 months to complete the construction.Please visit our FHA Construction to Permanent Page!Please visit our VA Construction to Permanent Page!Please visit our Builder Construction Loan Process page!For complete Construction loan program details!