Construction to Permanent Loan

A specially designed loan when building your unique home

Get financing that covers building costs and then transitions to a regular mortgage

Easy, streamlined process
Cover all your new home financing needs with one loan, one closing and one affordable rate.
Range of choices
Up to 90%* financing is available on both fixed-rate and variable-rate construction loans.
Borrower-friendly terms
Make interest-only payments during the construction phase.

Imagine your dream home - and then make it happen

In search of the perfect place? Chances are good that you might decide to build something brand new. We can work with you and your contractor on a customized loan that covers materials and labor. When you're ready to move in, that loan will seamlessly switch to a permanent mortgage at a rate locked in at the start of the building process. Just bring us your blueprint, and our experienced mortgage team can help nail down all the details.

Get Our Mortgage2Go App

Simplify the mortgage process with our helpful app.

  • Real-time loan status updates
  • Automated reminders when items are due
  • Scan and securely send documents with your phone
  • And much more!
Get our Mortgage2Go App on Google Play Download our Mortgage2Go App on the App Store


For contact information, including phone numbers, email addresses, and online inquiries, please visit our "Contact Us" page. You can also call us at (833.275.2228), or visit us at one of our locations. To find a location click here.

Checking your way

Get checking account options, all with convenient digital tools.

*With Single Premium Mortgage Insurance

All loans are subject to credit approval.

Mortgage2Go is subject to additional terms and conditions.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.