Build Your Dream from the Ground Up with Pure Lending
Building a custom home in Georgia is a significant milestone. At Pure Lending, we provide specialized construction-to-permanent financing that simplifies the process, allowing you to focus on your vision while we handle the financial foundation.
What is a Construction Loan?
The Construction-to-Perm Advantage
A construction loan is a short-term financing option used to cover the costs of building a new home. Unlike traditional mortgages, the loan is disbursed in 'draws' based on construction milestones, and you typically only pay interest on the funds as they are used.
The construction-to-permanent loan, or 'One-Step' loan, combines construction financing and your long-term mortgage into a single closing. This means one application, one set of closing costs, and a seamless transition to a permanent 15- or 30-year mortgage once your home is complete.
Key Financing Benefits
Borrower Requirements
- Interest-only payments during the construction phase
- Lock your permanent interest rate before construction begins
- Finance both the land purchase and the home build
- Flexible 'draw' schedules aligned with your builder's needs
- Minimum credit score (typically 680 or higher)
- Income and asset verification (DTI within guidelines)
- Approval of a licensed, insured, and experienced builder
- Detailed construction plans, budget, and signed contract