How Do I Finance My Lot/Home Package?

In today’s market the majority of Custom Home construction is financed through a construction-to-permanent loan. With flexible terms, highly competitive rates and fast closings, construction loans are the most popular choice for financing your new dream home. Our preferred lenders have a full range of the best financing programs available today and are dedicated to helping our customers enjoy a stress-free financing process. They can even pre-qualify you before you start your home search.

What is a Construction-to-Permanent Loan?

A Construction-to-Permanent mortgage allows you to finance the construction of your new home while it is being built. You will lock in your interest rate and settle on the loan before construction begins. During construction, the bank will make payments or disbursements to the builder at each stage of the building process based on a pre-approved draw schedule and inspections. When the home is completed, the loan will convert to a permanent mortgage and you will begin making regular mortgage payments.

Benefits of Using a Construction-to-Perm Loan:

Save time and money Construction-to-perm loans combine construction financing and mortgage financing into one loan. With only one closing, you save the time and additional costs of a second closing. Can offer security by including a loan rate protection option “rate lock or float down option.” Allows you to prepay without penalty. You are charged interest only on funds as you use them until the completion of your home then the loan will be refinanced into a permanent loan. Interest paid on construction-to-perm loans while the home is under construction is tax deductible on your current year taxes. Reputable and professional loan officers will be there to guide you through the entire loan process, providing the highest level of support and ensuring all your questions are answered.

Build On Your Lot

Where Do You Want to Live?

Build a Caruso Home on the site of your choice in Maryland, Delaware, North Carolina, or South Carolina. Whether you already own land or you are looking for a lot to build on, our experienced team will guide you through the entire process.

Choose a location below to learn more about our process, floor plans, and available locations.

Build On Your Lot in MARYLAND

From Frederick to the Ocean, Caruso Homes builds in 18 counties throughout Central Maryland and on Maryland's Eastern Shore.

LEARN MORE

Build On Your Lot in DELAWARE

Whether you want to be close to the beach or the serenity of rural farmland, Caruso Homes can build your dream home throughout the state of Delaware.

LEARN MORE

Build On Your Lot in RALEIGH/DURHAM, NC

Find the perfect spot to build your dream home throughout ten counties in the Triangle area.

LEARN MORE

Build On Your Lot in CHARLOTTE, NC

From lakeside living to quaint neighborhoods, find the perfect spot to put down roots in one of the eight counties around the greater Charlotte area.

LEARN MORE

Build On Your Lot in SOUTH CAROLINA

Just over the South Carolina line, Caruso Homes is building dream homes in two counties convenient to Charlotte.

LEARN MORE