For Labram clients who want an alternative (or complement) to cash financing, our partner lender can offer construction-to-permanent loans to eligible buyers.
Financing & Permitting
Simply put, this loan starts as a construction loan and becomes
a mortgage loan once you move into your new custom home.
Advantages of the Loan
There are several advantages to using the construction-to-permanent loan including single closing, reduced fees and interest-only payments during construction.
How It Works
Our partner lender will convert your construction loan to a mortgage after our team completes the build. From that point, it works like any other permanent mortgage. At that point, you can decide whether you want a fixed or adjustable-rate loan, set the term (15 or 30 years), and find a rate* that works for you.
*Rates and down payments vary.