One loan. One rate. One closing.
Thinking of building your dream home? We’ve constructed the perfect loan for you. From groundbreaking to final closing, you can enjoy one loan throughout the entire construction process with a single-loan close.
Our construction-to-permanent home loans allow you to lock in your rate before construction even begins so you can enjoy peace of mind even as rates rise.
Other benefits include:
Up to 90% financing available
Loan amounts up to $3 million
Flexible construction loan terms
Free rate float-down on conversion to permanent financing
Various fixed rate and ARM options
Interest-only payments during the construction phase
Make Your Dream Home a Reality
We’re here to help you every step of the way.
Gather Your Information
Find out which documents and information you’ll need to apply for a mortgage.
Mortgage Application ChecklistStart Your Application
Apply online, give us a call at 904-908-2535 or visit us in person at one of our many local branches.
Apply NowLock in Your Rate
Once you qualify for a mortgage, we’ll guarantee your rate. This protects you if interest rates fluctuate during the application process.
View Current RatesCalculate Your Mortgage Payment
Construction-to-Permanent Home Loan FAQs
How is a Construction to Permanent loan different than a conventional mortgage loan?
Unlike conventional loans, construction funds are not provided in a single lump sum. Instead, we'll make payments to fund the construction project through a series of draws, often referred to as disbursements, as work is completed on the property. As an added benefit, you will only be required to pay interest on the loan funds disbursed while your home is under construction!
Who selects my builder?
Selecting your builder is an important decision made by you and approved by us.
When can my builder start construction?
Construction can begin once permits are approved, and the loan has closed.
What is a “draw” and how is the amount determined?
A draw is a disbursement of funds from your loan for costs associated with building your new home. The draw amount is based on the Draw Schedule agreed upon by all parties before your loan closes. At VyStar. we offer both a Standard and Custom Draw Schedule to fit any project.
Visit a BranchRelated Tools & Resources
Low and No Down Payment Mortgages
We designed a variety of loan options to fit every need
Mortgage Application Checklist
Find out which documents and information we need to complete your VyStar mortgage or home loan application.
Homebuyer’s Guide
Buying a home and getting a mortgage can be a confusing and intimidating process — let us walk you through it.
Certain restrictions and limitations apply. All loans are subject to credit approval. The VyStar Credit Union construction-to-permanent loan program is available in select states only. Rates are subject to an increased rate, if original construction term is not met. Contact a loan officer for availability in your area. ©2022 VyStar Credit Union.
Please note: The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.