Construction Permanent Loans
New home financing made simple
Building a new home is a major project with many considerations.
The location, lot size, design, materials, and choice of builder are just some of the important decisions to make—not mention what it will cost and how you will pay for it.
With so many considerations to make, it’s easy to become overwhelmed. Let us take care of the financing, so you can focus on creating the perfect home for you and your family.
A Construction Permanent Loan makes new home financing simple. There’s just one loan application and one closing. Primary or vacation home, you can use the construction loan to build either.
Other advantages of a Construction Permanent Loan include:
- Loan amounts up to $5,000,000
- Construction periods up to 12 months
- Loan Program options provide flexibility
- Secure your permanent interest rate before you begin building
Let us help you begin building your dream home.
Loan Options
Contact a Mortgage Specialist
Fill out an inquiry form
How does a construction to permanent loan work?
Construction loans are designed to help you build a new home from the ground up. The flexibility afforded with this program allows you to secure your permanent interest rate before you begin building. After a 12 month construction period, you can then convert your loan payments to regular installments, all with one closing.
Looking for another option?
Choose from these other mortgage types that might work for you.
Fixed-Rate Mortgages
Looking for stable monthly payments? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.
Adjustable-Rate Mortgages
Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires.
Jumbo Loans
If you’re buying a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan may be a good choice for you.
Professional Loans
If you are a medical resident, practicing physician, attorney, oral surgeon, dentist or CPA, a Professional mortgage loan can help you achieve financial flexibility.
Government Loan Programs
If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.
Home Ownership Made Easier (HOME)
Through our Home Ownership Made Easier (HOME) mortgages, BBVA is building stronger communities and helping people achieve the dream of home ownership.
Lot Loans
Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing.
Renovation Permanent Loans
Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.
Foreign National Mortgage
BBVA welcomes the opportunity to provide mortgage services to Foreign Nationals who want to purchase, refinance, build, or renovate a home in the United States.
Home Equity Loans and Lines of Credit
Your home is often your largest asset — make your home’s equity work for you with a BBVA Home Equity Loan or Line of Credit.