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A Construction/Perm Loan is a specialized product developed for those that are building their own home. Building your own home can be an exciting but complicated undertaking. Our Construction/Perm Loan program allows you to lock-in your interest rate at application for both your construction and end mortgage loans.
It's a specialzed loan program that you won't find everywhere, but it's a loan program that's attractive in a rising-rate environment. In the time it takes to get your home built, interest rates can fluctuate greatly, and this program gives you a peace of mind you'll appreciate.
Ask a loan officer for more details.