Our industry leading program just got better!
Our construction loan program was designed to help you avoid the hassle of two closings.
Contact a Specialist
"*" indicates required fields
Construction-to-Permanent Financing Explained
Construction loans are short-term financing designed to cover the costs of building a home or completing major renovation projects. Unlike traditional mortgages, construction loans fund in draws tied associate with work completed and materials installed. Once construction is complete, these loans convert to permanent financing.
At Borrow Buy Build, we specialize in construction-to-permanent solutions that protect your timeline and rate—so you’re not scrambling to refinance when your build is finished.
20
+
Years of Experience
Guiding clients nationwide with fast, reliable lending solutions.
Guiding clients nationwide with fast, reliable lending solutions.
99.9
%
Approval Support
Tailored for construction, physician, and self-employed borrowers.
Tailored for construction, physician, and self-employed borrowers.
Flexible Repayment Options
Full menu of fixed and adjustable rate programs.
Construction And Lot
Construction-to-Permanent (Single Close)
Combine construction and permanent financing in one closing.
Benefits: If you’re considering building your dream home, Liberty FCU offers a convenient one-time close construction loan that can save you thousands. Here are the key details:
- One-Time Close: This loan combines construction and permanent financing into a single transaction, streamlining the process.
- Primary Residence: You can finance up to 95% Loan-to-Value (LTV) for your primary residence.
- Loan Terms: Up to 30 year term, fixed or adjustable rate.
- Interest Rate Float Down Option: You may qualify for a lower rate when the home is completed – Ask your originator for more details.
- Secondary Residence: For secondary residences, you can go up to 90% LTV with additional restrictions.
- Conforming and Jumbo Options: Liberty FCU offers loan amounts up to $2 Million
- Interest Only during Construction: During the 12-month construction phase, you’ll pay interest only, along with escrow and PMI if applicable.
Lot Purchase Program
Our Lot Loan is designed specifically with the needs of you, the homebuyer, in mind
Benefits:
Start Your Application
- Purchase the land for your dream home now, build with us later
- Affordable 20% down payment
- Low rates and low costs
- Available for 10 or 15-year fixed rates
- Affordable 20-year term with a 15-year balloon
- Purchase up to 10 acre properties
- Seller can pay up to 6% concessions toward closing costs
- Eligible for Extra Credit rate discount
Apply today online!
Owner – Builder
for professionals that act as their own GC
Benefits:
Start Your Application
- Potential cost savings.
- You control selections, and manage quality.
- Flexibility to make design choices directly.
- Great alternative when you can’t find (or don’t want) a production builder.
- Useful for rural builds, unique designs, or when builders are booked out.
- Proven construction/GC experience required.
Apply today online!
How We Structure Construction Lending
Plan & Pre-Approve
We assess your project, budget, and builder. Then, you receive a pre-approval showing your maximum loan, timeline, and draw schedule before work starts.
Fund in Draws
Funds are released as you reach each construction milestone—foundation, framing, followed by inspections, so payments match project progress and protect both you and the lender. This keeps your build on track.
Convert to Permanent
After construction, your loan converts to permanent financing. You may qualify for a lower rate when the home is completed with a free float down.
Construction loans are ideal for
