Construction-to-Permanent Loan

Building a new home? Renovating the one you have? With a BB&T construction-to-permanent loan, your lot, construction and mortgage financing can be covered in a single loan.

Build a Home

If you're looking to build and finance your primary residence or vacation home, a BB&T construction-to-permanent loan may be right for you. You can even finance a land purchase, prior to building your new home. Benefits include:

  • Interest-only payments during construction
  • Fixed construction interest rate
  • Fixed- and adjustable-rate loan options
  • No prepayment penalties
  • A single set of closing costs

Recommended For

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

  • Are building a primary residence or vacation home
  • Need to buy a lot and build and finance construction
  • Want to prepay without penalty

Eligibility

The following housing requirements must be met to qualify for a BB&T construction-to-permanent loan:

  • Your new home must be a one-unit, single-family detached home.
  • It must become your primary residence or a second home, such as a vacation home.
  • Your builder of choice must be a licensed contractor.

Renovate Your Home

Whether you want to make upgrades to your primary, second or vacation home, or simply need more space, a BB&T construction-to-permanent renovation loan may be right for you. Benefits include:

  • Interest-only payments during construction
  • Fixed construction interest rate
  • No prepayment penalty
  • One set of closing costs
  • Potential for increase in your home's overall value

Recommended For

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

  • Want to stay in your primary home, but need more space or upgrades
  • Want to keep your second or vacation home, but make modifications

Eligibility

The following housing requirements must be met to qualify for a BB&T construction-to-permanent loan:

  • Your new home must be a one-unit, single-family detached home.
  • It must become your primary residence or a second home, such as a vacation home.
  • Your builder of choice must be a licensed contractor.

Access 24/7


Free to all BB&T mortgage clients, online banking provides 24/7 secure access to your mortgage account, along with any other BB&T accounts you may have. With BB&T OnLine, your account information is always at your fingertips.

Complete Self-Service Tasks

  • Make a payment
  • Set up automatic payments
  • Customize email alerts
  • Update contact information

Get Loan Information at Your Convenience

  • Review loan activity
  • Access loan amortization schedule
  • Evaluate payoff information
  • Review year-end statement

Work with a Local Mortgage Professional


New Mortgage and Refinance Help

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