Construction-to-Permanent Lending Specialist

Yes, You Can Build Your Dream Home: And We Can Help

Most people think building a custom home means two loans, two closings, and twice the headache. It doesn't. One application. One closing. One payment. And I'm not just teaching this. I'm doing it right now with my own home.

Sean Shallis: construction-to-permanent lending specialist with thirty years in real estate and mortgage, currently building 102 Wiltop Rd using these exact strategies. NMLS #2362814.

Watch: Building Your Dream Home

Construction lending explained, from lot purchase to move-in day.

The Dream Is Closer Than You Think

A single-close construction-to-permanent loan lets you finance the entire build (from raw lot to move-in day) with one loan. You apply once, close once, and your construction loan automatically converts to a permanent mortgage when the build is done.

One Application

Single qualification process covers both construction and permanent phases. No re-qualifying mid-build.

One Closing

Close once, pay closing costs once. Two-close loans mean double the fees: this eliminates that.

One Payment

Interest-only during construction, then converts to your permanent mortgage payment. Simple.

How It Works: 3 Steps to Your Custom Home

Get Approved

One application covers the whole thing: land purchase, construction budget, and permanent mortgage. We lock your rate upfront so you're protected from rate increases during the 12-18 month build.

Single application for both phases

Rate lock during construction

Know your exact budget before breaking ground

Pre-approval strengthens your position with builders

Build

Your builder draws funds as milestones are completed: foundation, framing, mechanicals, finishes. Each draw is inspected before funds release. You pay interest-only during this phase.

Draw schedule funds your builder at each milestone

Independent inspections at every draw

Interest-only payments during construction (lower monthly cost)

Change order management built into the process

Move In

When construction is complete and the certificate of occupancy is issued, your loan automatically converts to a permanent mortgage. No second closing. No re-qualifying. Just keys.

Automatic conversion, no new paperwork

No second set of closing costs

Your locked rate kicks in

Rosie starts monitoring your rate from day one

What You Can Build

Custom Home on Your Lot

You own the land (or we finance the purchase). Build exactly what you want from the ground up.

Tear-Down & Rebuild

Love the lot, hate the structure? Demolish and rebuild. The land value anchors your loan.

Modular / Prefab Home

Factory-built homes on your foundation. Faster timeline, same financing structure.

Major Addition (50%+ of home value)

Adding a wing, second story, or major expansion that essentially reconstructs the home.

Real Numbers: Example Scenario

The Build

Land purchase:$250,000

Construction budget:$550,000

Total project:$800,000

The Financing

Down payment (10%):$80,000

Loan amount:$720,000

During construction:Interest-only (~$3,600/mo)

After conversion:~$4,800/mo (P&I)

Example for illustration only. Actual rates, terms, and payment depend on qualification, credit, and market conditions at time of application.

Want the Full Deep Dive?

Our complete Construction-to-Permanent Buyer's Guide covers draw schedules, builder selection, budget management, and every trap to avoid.

Read the Full Guide

Ready to Build? Let's Talk.

Construction lending is specialized. Most loan officers have never closed one. Sean has closed hundreds, and is building his own home right now. Book 15 minutes and bring your questions.

Book a Call with Sean

Get the Complete Construction Loan Guide

Everything you need to know about building your home: financing, timelines, builder requirements, and the traps to avoid. Free.