New Construction to Permanent Loans in Phoenix AZOne Loan for Building and Living In Your New Home
Building a new home in Phoenix? A construction-to-permanent loan covers both the build and the final mortgage in one closing. You only pay closing costs once. I'll walk you through how it works and find the right lender for your project.
- 10+ Years Experience
- License NMLS# 1455718
- $500M+ in Loan Volume Closed
- Backed by the Nation's #1 Mortgage Brokerage
When You Need New Construction to Permanent Loans
Construction-to-permanent loans make sense when you're building a custom home or a major addition. The loan funds the construction in draws (paying the builder as work gets done) and then converts to a regular mortgage when the home is finished. The benefit is one closing instead of two, which saves time and closing costs. They work for both stick-built homes and modular construction.
Our New Construction to Permanent Loans Process
Here's how we close your construction-to-permanent loan. Call or text me with the project — land, builder, plans, and budget. I'll match you with a lender that does construction loans well. The lender approves the builder and the plans, then funds the construction in draws as the home gets built. When construction wraps up, the loan converts to your permanent mortgage automatically. Total timeline depends on the build but most close in 60 to 90 days from approval to permanent.
New Construction to Permanent Loans Cost in Phoenix
Construction-to-permanent loans usually have one set of closing costs (compared to two for separate construction and permanent loans). Rates are typically a touch higher than standard mortgages because of the construction risk. I shop dozens of construction lenders to find the best terms. You'll see every cost in writing.
Why Choose Us
Construction loans take experience. Most banks don't do them well. I work with lenders who handle construction every day. Ten years in the business and 50-plus five-star reviews. Same-day response on every call and text. I'll guide you through the draw process and the conversion.
Ready to Get Started?
Building a new home? Call or text Mark at (480) 690-9790 today.
For more real estate guidance, see all of our Real Estate Consultant services in Phoenix.
Reviewed by
Mark Fazio — Licensed Mortgage Loan Officer
NMLS #1455718 · Barrett Financial Group (NMLS #181106) · Phoenix, AZ
Mark Fazio is a licensed Phoenix mortgage broker with 10+ years of experience and over 1,000 home loans closed. He shops dozens of lenders to find the lowest rate on purchase, refinance, and specialty loans, and personally guides every client from the first call through closing.