Construction-to-Permanent Loans
A construction-to-permanent loan finances building a custom home, then converts to a standard mortgage once construction is complete.
Funds are released in draws as the builder completes milestones, and the borrower typically pays interest only during construction.
Rick Carrier, NMLS #268110, The Carrier Mortgage Team, Innovative Mortgage Services, Inc. (Company NMLS #250769). Call (281) 767-6700.