Construction-to-Permanent Loans: August 2020 Archive

Historical notice — August 27, 2020. This URL previously carried a NorthStar construction-to-permanent mortgage promotion. Its rate, payment and closing-cost statements should not be used as current loan terms or an offer.

Construction financing can involve funds released as building work progresses. Some loans may convert to a longer-term mortgage; others require separate financing. The structure, rate, payment schedule, costs, approval requirements and availability depend on a current lender’s written terms and review. The Consumer Financial Protection Bureau explains construction-loan basics.

For current general planning questions, see Construction-to-Permanent Mortgage Planning or contact NorthStar Funding. A discussion does not guarantee a rate lock, interest-only payments, automatic conversion, approval or savings.