Understanding Construction to Permanent Loans
SouthStar Bank offers a unique financial product known as the Construction to Permanent Loan, designed to streamline the financing process for individuals looking to build and reside in their dream homes. Unlike traditional construction loans that require separate loans for the construction phase and the permanent mortgage, a construction to permanent loans combines both into a single loan. This product simplifies the financing process, reduces closing costs, and offers borrowers peace of mind knowing their financing is secured from start to finish.
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