Financing Your Dream Home
If your mortgage financing needs include construction work, such as new construction, substantial rehabilitation/renovation, or a complete tear down, a Bank of Canton construction-to-permanent loan (“construction-to-perm”) can cover all phases of your project.
As a single loan that combines construction and mortgage financing, you’ll enjoy a convenient, single-closing process. You’ll also have the flexibility to make interest-only payments during the construction phase of your project.
- No required escrows
- No prepayment penalty
- No additional costs when the loan converts to a mortgage
Plus, you have the freedom to choose from our wide selection of mortgage options, including fixed- and adjustable-rate mortgages, jumbo or conventional, and more.
Understand Your Options
Our expert mortgage lenders can explain the advantages of our construction-to-perm loans, and help you choose the best financing option for your situation. Call 888-828-1690 today, or contact your lender directly.
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