• Interest only payments during the construction loan period – based on outstanding balance.
• Borrow up to 80% of the sales price.
• Interest rate is locked prior to closing, through modification.
• Modification into a fixed rate mortgage is possible, with qualifying, once home is completed.
• No prepayment penalties at all.
• Use current market value of Lot, if owned more than 6 months, towards equity.
• Jumbo mortgage rates available.
• One closing upfront eliminates repeating closing costs upon completion of home.

If you are considering building your new dream home in Florida; it pays to contact your upfront Florida Mortgage Professionalsat BeechTree Mortgage.  We’ll show you how easy it is to start building with a construction to permanent mortgage loan today.  Call us at 888.399.0520.

Florida construction to permanent loans allow you to build your new home with a construction loan and a permanent mortgage; but with only one set of closing costs; thus reducing higher costs associated with two closings. 

And with available benefits such as an interest rate cap and a free interest rate float down; it makes sense to build your home with a construction to permanent Florida mortgage.  Call one of our Florida mortgage professionals at 888.399.0520 and ask for a free construction to permanent Good Faith Estimate.