Building Your Dream Home

Our construction to permanent loan combines the features of a construction loan with permanent financing so that only one closing is required. 
Our construction loans are structured so that you draw funds as the money is needed during the building process. While the home is being built, you only make interest payments on funds that are disbursed. Once your home is built, the loan converts to a permanent mortgage loan.

The Advantages Of A Construction To Permanent Loan With Woodruff Federal

  • You only pay interest when you start using the loan proceeds.
  • No inspection fees. While we do require inspections during the construction process, we don’t charge inspection fees.
  • No application fee or PMI (Private Mortgage Insurance) required
  • Closing costs typically less than commercial
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