Construction to Permanent Mortgage
Our Contstruction to Permanent Mortgage is a single close loan designed to avoid closing your loan a second time. Once construction is complete your loan will automatically convert to a permanent loan.
Members First offers the following terms on our Construction to Permanent Mortgage:
- One Time Closing
- No Points or Origination Fee
- No Application Fees
- No Prepayment Penalty
- No Private Mortgage Insurance (PMI)
- No Intangible Tax
- No Escrow
- Fast In- House Processing, Underwriting, and Decisions
- Local Loan Servicing
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