Construction to Perm Loan

ONE-TIME CLOSE

Construction-to-Permanent Loan

One-Time Close Construction-to-Permanent Loan

Save time and money with our Construction-to-Permanent Loan by combining your construction or renovation financing and permanent mortgage into one loan. Save money on fees with a one-time close. This all-in-one loan helps you build your dream home that's just the right fit for you and gives you peace of mind with a five-year fixed interest rate.

Now whether you're building your dream home from a new lot or thinking about a complete teardown and rebuild, Midwest Bank's Construction-to-Permanent Loan can help you make it all a reality. You can include the purchase of your lot in the financing or build on a lot you already own. You'll make interest-only payments during the construction phase. Once the home is finished, any outstanding costs are converted into your mortgage.

Our Construction-to-Permanent Loan allows you to combine two steps into one, which means you won't need to shop around for a mortgage in addition to a construction loan. There's just one application process, one set of fees, and one interest rate. We understand building a home is one of the biggest financial decisions you'll ever make. Here at Midwest Bank, from finding the perfect lot to starting the construction process, to moving into your forever home, we're here to help you every step of the way.