Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Construction-To-Permanent Mortgage
Fannie Mae
Updated 10-31-2026
Construction-To-Permanent Mortgage
A mortgage that provides funds for the acquisition or refinancing of unimproved land and the construction of a residential dwelling on the land.
Fannie Mae Glossary of Terms
Fannie Mae · p. 8
FreddieMac
Updated 10-31-2026
Construction-To-Permanent Mortgage
A Mortgage for which the proceeds are used to construct the Mortgaged Premises and consists of both Interim Construction Financing and Permanent Financing. A Construction to Permanent Mortgage may be a One-Time Close or Two-Time Close transaction.
FreddieMac Glossary
FreddieMac · p. 8
Need help?
Ask more questions about Construction-To-Permanent Mortgage in Help. You'll get answers for your situation.
People also ask