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Because it's a question we get on a daily basis, we wanted to share this with you!

Obtaining a construction loan. How do you go about it? Is it right for you? Rosa Ivey with Fidelity Bank Mortgage in North Carolina explains it this way:

Construction-to-Permanent Loan

"When you're building or renovating a home, a Fidelity Mortgage construction-to-permanent loan covers you from the ground up. Financing for the lot, construction and mortgage are covered in a single loan. Since there is one closing, and one set of closing costs, you save time and money.

Construction-to-permanent loans offer the following features to home buyers:

Interest-only payments during construction

Fixed construction interest rate for 12 months
At modification, loan options including: fixed rate, adjustable and interest-only loans available at best case pricing.

Home construction loan


Construction-to-permanent loans offer home buyers the following benefits:

Provides convenience by combining all financing

Saves money by requiring only one set of closing costs
Offers security by including a rate protection option
Allows you to prepay without penalty

Recommended For:

A construction-to-permanent loan may be right for you if you:

Are building a primary residence or vacation home

Need to buy a lot and build and mortgage a home
Just need to build and mortgage a home


In order to qualify for a construction-to-permanent loan, you must meet the following requirements:

Residence must be owner-occupied primary residence or a second home
1. Property must be a one-unit, single-family detached home
2. Builder must be a licensed contractor"

For any further questions, or to find out more information for your area, contact a Timber Block Home Consultant in your area: 866-929-5647 or email

Timber Block Log Cabin home

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