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Construction-Permanent

Sometimes One is Better Than Two. One loan. One closing.

Especially when it comes to construction, renovation or rehabilitation financing.

That's why Silverton Mortgage is proud to offer a Construction-Permanent Loan that is designed to streamline your experience.

Two Phases. One Loan.

Here's How It Works:

The construction phase of your loan is designated for a specific amount of time.

During construction, funds are dispersed to you or your builder directly.

Upon the completion of your home, along with meeting the conversion requirements, your loan converts to the permanent phase.

One loan means one set of documents and one closing, saving you time and money. The loan is closed in your name with interest-only payments during the construction phase.

Property types that are eligible for CP Financing include:

  • Single Family
  • One-Unit
  • Detached Primary Residences
  • Second Homes

Project types that are eligible for CP Financing include:

  • New Construction
  • Home Improvements/Renovations
  • Tear Downs

During conversion to the permanent financing, you may be eligible for a FREE, one-time Float Down Option of your interest rate.

Through the “Rate Cap w/Float Down” option, you may exercise this option and ask your CP Certified Loan Officer to see if rates are better and “float down” your rate.

This means that if interest rates fall before reaching the Permanent Phase of your loan, we'll apply the new rate to your loan terms!

You've Got Questions? We've Got Answers!

Frequently Asked Questions

Contact one of our Certified Loan Originators below to help get you started!

Dawn Beck NMLS ID: 377773, GRMA: 32039
404-812-3800 x335
dawnbeck@silvertonmortgage.com
Stephanie Gwin Gant NMLS ID: 184503
205-979-9006
stephaniegant@silvertonmortgage.com
Jennifer Johnson NMLS ID: 190999, GRMA: 25355
706-897-2406
jenniferjohnson@silvertonmortgage.com
Lori Beardslee NMLS ID: 169631, GRMA: 27762
770-517-9696
loribeardslee@silvertonmortgage.com
Sharon Lintault NMLS ID: 216210, GRMA: 24397
678-942-0022 x631
sharonlintault@silvertonmortgage.com
Carrie Powers NMLS ID: 152329, GRMA: 24419
404-601-4159
carriepowers@silvertonmortgage.com
George Beylouny NMLS ID: 224551, GRMA: 25184
678-626-0318 x322
georgebeylouny@silvertonmortgage.com
Karen O' Donovan NMLS ID: 878499
843-492-4747
karenodonovan@silvertonmortgage.com
Shelly Quinn NMLS ID: 82838
704-609-1339
shellyquinn@silvertonmortgage.com
Susan Wingfield NMLS ID: 374708, GRMA: 30940
404-812-3800 x331
susanwingfield@silvertonmortgage.com
Jerry Elinger NMLS ID: 178062, GRMA: 27297
678-626-0318
jerryelinger@silvertonmortgage.com
Jason Huffman NMLS ID: 119612
910-367-5622
jasonhuffman@silvertonmortgage.com
Anthony Crumpton NMLS ID: 1047447
910-367-5600
anthonycrumpton@silvertonmortgage.com
Pyper Macloskie NMLS ID: 926801, GRMA: 51939
678-323-1444
pypermacloskie@silvertonmortgage.com
Amy Wilemon NMLS ID: 226390, GRMA: 26403
404-601-4177
amywilemon@silvertonmortgage.com
Holly Lott NMLS ID: 412222, GRMA: 49439
706-250-5030 x444
hollylott@silvertonmortgage.com, 706-250-5030 x444
Richard Terzo NMLS ID: 1017874
843-353-4991 x720
richardterzo@silvertonmortgage.com
Gareth Thomas NMLS ID: 177403, GRMA: 26966
770-517-3955 x410
gareththomas@silvertonmortgage.com
Robert Scholl NMLS ID: 206967, GRMA: 27046 
770-262-1295
robertscholl@silvertonmortgage.com
Osie Gaines NMLS ID: 220919, GRMA: 24429
404-483-2720 
osiegaines@silvertonmortgage.com
Eric DuBose NMLS ID: 544448, GRMA: 46910 
404-428-4135
ericdubose@silvertonmortgage.com
Ryan Anderson NMLS ID: 1825992
910-367-5622 
ryananderson@silvertonmortgage.com
Tricia McClelland NMLS ID: 923767 
704-778-2128
triciamcclelland@silvertonmortgage.com
Roy Anderson NMLS ID: 82255
704-239-9014
royanderson@silvertonmortgage.com
Darin Atwell NMLS ID: 67712 
704-779-7656
darinatwell@silvertonmortgage.com
Marty Patterson NMLS ID: 35167, GRMA: 33380
404-422-3639
martypatterson@silvertonmortgage.com