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Our construction-to-permanent program* allows you to combine your construction or renovation financing and permanent mortgage into one loan. Best of all, you'll save time and money with just one closing and one set of closing costs. Include the purchase of your lot in the financing or build on a lot you already own. Make interest-only payments during the construction phase. You’ll also benefit by being able to lock in your permanent mortgage interest rate before construction begins, giving you added protection against rising rates.
Our guide will provide you with the basics of how our construction-to-permanent program works and break down the process for you step by step.Download Guide
Rate represents the rate of interest charged for the loan.
Interest would be expressed as a dollar amount.
APR is the total cost of the loan and its origination, including interest, points and fees, expressed as a percentage.
Points are a one-time fee that a borrower pays to lower the interest rate on a loan. It’s a form of pre-paid interest.
Determine your goals, find a reputable builder, and speak with a loan officer about financing options.
Get your construction plans, specifications and builder contract finalized, then apply for your loan.
Finalize the details, review and sign your loan documents, and let the construction begin!
Funds are released to your builder as you complete different stages of construction.
Settle in and enjoy your new home! Your loan will transition to the permanent phase and become a traditional mortgage.
Our Home Loan Originators are registered with the Nationwide Mortgage Licensing System and Registry (NMLS). Check your loan originator's status here.