Construction Permanent Loans

New home financing made simple

Building a new home is a major project with many considerations.

The location, lot size, design, materials, and choice of builder are just some of the important decisions to make—not mention what it will cost and how you will pay for it.

With so many considerations to make, it’s easy to become overwhelmed. Let us take care of the financing, so you can focus on creating the perfect home for you and your family.

A Construction Permanent Loan makes new home financing simple. There’s just one loan application and one closing. Primary or vacation home, you can use the construction loan to build either.

Other advantages of a Construction Permanent Loan include:

  • Loan amounts up to $5,000,000
  • Construction periods up to 12 months
  • Loan Program options provide flexibility
  • Secure your permanent interest rate before you begin building

Let us help you begin building your dream home. 

Equal Housing Lender

How does a construction to permanent loan work?

Construction loans are designed to help you build a new home from the ground up.  The flexibility afforded with this program allows you to secure your permanent interest rate before you begin building.  After a 12 month construction period, you can then convert your loan payments to regular installments, all with one closing.


Looking for another option?

Choose from these other mortgage types that might work for you.

Fixed-Rate Mortgages

Looking for stable monthly payments? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.

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Adjustable-Rate Mortgages

Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires. 

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Jumbo Loans

If you’re buying a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan may be a good choice for you.

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Professional Loans

If you are a medical resident, practicing physician, attorney, oral surgeon, dentist or CPA, a Professional mortgage loan can help you achieve financial flexibility.

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Government Loan Programs

If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.

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Home Ownership Made Easier (HOME)

Through our Home Ownership Made Easier (HOME) mortgages, BBVA is building stronger communities and helping people achieve the dream of home ownership.  

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Lot Loans

Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing. 

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Renovation Permanent Loans

Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.

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Foreign National Mortgage

BBVA welcomes the opportunity to provide mortgage services to Foreign Nationals who want to purchase, refinance, build, or renovate a home in the United States.  

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Home Equity Loans and Lines of Credit

Your home is often your largest asset — make your home’s equity work for you with a BBVA Home Equity Loan or Line of Credit. 

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