Premier Choice Mortgage NMLS# 222955
6330 Riverside Plaza Lane NW, Suite 175,
Albuquerque, New Mexico 87120 CLICK HERE TO EMAIL US
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A construction only loan is usually a short-term loan that provides funds to cover the cost of building a new residential property. Once the property is completed this loan will need to be converted to a permanent loan.
If financing a One-Time Construction loan, this product allows you to combine the financing for the lot purchase, construction, and permanent mortgage into one first mortgage.
We’ll help you see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.