USDA Loans Direct Benefits of Construction to Permanent Loans
Construction to permanent loans combine mortgage and construction financing
You Can Save Money and Time
Construction to permanent loans combine mortgage and construction financing into one single loan. The construction financing is simple because it converts your permanent mortgage once the house is finished being constructed.
One loan means only one closing and this is good news. There is no need to spend money and time in searching for a second loan nor paying a second closing cost.
Your Financing is Your Focus
Fixtures and cabinets are a better alternative in studying than financial and legal documents. Construction to home loans allow you to manage your dream home construction without having to spend so much time in the arrangement of financing.
USDA Loans Provides You with Quality Customer Care
When you have made the final decision to begin the building process, USDA Home Loans offers top notch construction to permanent programs with the expertise you deserve throughout the entirety of your project.
- We offer construction to permanent loans that don’t require you the headache of having to sell your existing home during the phase of construction.
- Your loan is based on the value of your lot and not the original sale price.
- You can benefit from payments with interest which only comes from funds you draw during construction.
- There is only one loan closing necessary.
USDA Loans Direct has a history of working with builders who are local and we can provide you with quality support. In addition, we have a wide range of loan options to work with your personal needs.