Home » Home Loan Center » Construction-to-Permanent Loan
Construction-to-Permanent Loan
Loan features:
- One year construction period.
- Monthly draws are disbursed.
- Payments are interest only until construction is complete.
- No prepayment penalty.
After the construction period is complete:
- The principal and interest payments are due for the remaining 29 year payback period.
- The origination fee is 1% plus the cost of administration and inspections
- Please calll for current rates.
Ideal for borrowers who:
- Want to build their own home.
Contact our Home Loan Center at 206-398-5888 or relending@smcu.com for more information or to start your loan application.
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