We're here to help you make good things happen with our Construction-Permanent Loan!

What is a Construction-Permanent Loan? 


  • Construction-Permanent Loan is one loan that covers both the construction draw period as well as the traditional long-term mortgage financing.
  • It’s a consumer mortgage loan used to either build a home from ground up or make substantial renovations to an existing home.
  • Once the construction phase is complete a simple modification agreement is used to transfer to the permanent loan. 

What are the key features of the Construction-Permanent Loan?

  • Interest rate is determined at time of application. Interest only payments during the construction draw period. You pay interest only on the amount disbursed. 
  • Monthly principal and interest payments begin after the construction period. 
  • One settlement with a modification agreement signed after construction to convert to the permanent loan.  

Why choose us for your Construction-Permanent Loan?

  • The convenience of one loan closing saves you time and money! 
  • During the construction phase or draw period, your interest rate will be locked in at a fixed rate
  • Our team of experienced lenders will help guide you throughout the entire process.

What do I need to bring with me to apply?

To get started, bring us a copy of your renovations or home plans, a detailed budget, and a contract from a qualified general contractor. As the application process progresses we may ask for additional information such as verification of income, insurance, and a draw schedule.


At Shore United Bank, you can trust that our professional lending team will work for you and help guide you through every step of the way.

Contact Us Find a Branch Near You