HomeStyle Construction to Permanent
One-Time Close Construction FinancingAmericans are building new homes at record levels. With a HomeStyle® Construction-to-Permanent (C-to-P) Mortgage, you can be one of them. You can finance the purchase of land, construction of a new home, and a permanent mortgage at one time. This saves you money and time by having just one loan approval and one loan closing. It also gives you the peace of mind to know that you already have a permanent mortgage in place before your new home is finished. You can even lock in an interest rate before construction begins. Compare this to the added costs and aggravation of having to get separate loans for the land acquisition, the construction costs, and the permanent mortgage.
2006 Conforming Loan Limits
Alaska, Guam, Hawaii,
and U.S. Virgin Islands only
1 $417,000 $625,500 2 $533,850 $800,775 3 $645,300 $967,950 4 $801,950 $1,202,925