Construction Loan Q & A

Question

Must a Construction Loan be converted into a Conventional Mortgage?

Answer

NO!

With a 2-time close loan structure, the Construction Loan can be refinanced into any type of permanent mortgage: Conventional, FHA, VA or even USDA. The permanent mortgage can be a 15-, 20- or 30-year loan and be either a Fixed-Rate or Adjustable-Rate Mortgage. There are more options to ensure the borrower is obtaining the best financing available.

Construction Financial Solutions has been providing construction financing for over 30 years. We offer construction loans for custom homes and major renovations for primary, investment and MFH properties. Visit ConstructionFinancial.com for more information.

Contact Us
X Share This Email
LinkedIn Share This Email