Construction mortgage programs have changed vastly over the course of the last few years. Today there are more programs available to more borrowers. New technologies allow a borrower to obtain one loan where in the past up to three loans were necessary for the building of a home.
The new generation of CTP (construction to permanent) loans allow a borrower to finance the purchase of the lot, construction of the home and the permanent mortgage all in one transaction - limiting the closing costs and paperwork to a single transaction.
Mortgages you can live with.
Meridian Mortgage Three Sisters Building 320 North Rollston Avenue, Suite 105 Fayetteville, AR 72701
