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When you're building or renovating, a BB&T Construction to Permanent Loan covers you from the ground up. With Construction to Permanent Loans buying the lot, the construction, and the mortgage once you move in are all covered in a single loan. Contact a BB&T Mortgage Loan Officer to find out more about Construction to Permanent Loans. |
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| Construction to Permanent Loans |
| Construction Phase |
- Interest rate is fixed for 12 months
- Interest-only payments on funds disbursed
- Your current monthly housing payment does not affect qualification
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| Permanent Phase |
At modification, you may have the option to choose from a range of loan options based on your loan program:
- Fixed Rate
- Adjustable
- Interest Only
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Rate Protection
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Rate protection is available for both the construction and permanent phases. |
Benefits
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A single loan allows you to:
- Purchase your lot
- Finance construction
- Secure permanent financing
- Pay one set of closing costs
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| May be right for you if... |
- You're building a primary or vacation home
- You're renovating a primary or vacation home
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Copyright © 2008, Branch Banking and Trust Company. All Rights Reserved.
BB&T Complete Client Protection
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Branch Banking and Trust Company and BB&T Financial, FSB, are member FDIC. An Equal Housing Lender. 
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Subject to Credit Approval.
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