Construction to Permanent (CP) Financing

Dunwoody Mortgage Services offers clients the ability to finance the construction of their new home.  The one-time close Construction to Permanent (CP loan) loan is a great way to build and finance your new home.  This process has a reputation for being paper-intensive and laborious, but let us walk you through the process and show you how we can help manage the process for you, and potentially save you thousands of dollars!

Here are some of the Highlights:

• One-Time Close = one loan application, one set of closing costs
• Protection of your interest rate during the construction phase
• Float-down option available with no fee
• Low variable rate during construction with interest only payments
• Saving the builder the cost of financing = saving you money
• Multiple draw schedules available for you and your builder
• Flexible options for draw disbursements
• Only builder license required for builder approval (no financials, no tax returns)
• You may qualify while your current house is listed for sale

For more information about CP loans, please contact the office.