---
title: "What Is Construction-to-permanent loan? Building Glossary"
description: "A construction-to-permanent loan covers the build and then converts to a regular mortgage after the home is finished."
url: https://build813.multisites.ai/glossary/construction-to-permanent-loan
publisher: Halo Homes
phone: +1-813-956-1972
quote: https://build813.multisites.ai/contact
---

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# Construction-to-permanent loan

A construction-to-permanent loan covers the build and then converts to a regular mortgage after the home is finished.

A construction-to-permanent loan joins two loans into one. The first part pays for the build. The second part is the long-term mortgage you keep after move-in.

The Consumer Financial Protection Bureau says you may be able to convert a [construction loan](https://build813.multisites.ai/glossary/construction-loan) to a conventional mortgage. It warns that if the loan does not convert automatically, you may have to reapply for a new loan. Terms depend on the lender and your credit. Money still moves by a [draw schedule](https://build813.multisites.ai/glossary/draw-schedule) during the build. Compare lenders before you choose, and see [the cost to build a custom home in Tampa](https://build813.multisites.ai/cost-to-build-custom-home-tampa).

[Halo Homes can helpCustom home construction](https://build813.multisites.ai/services/custom-home-construction)

## Related terms

-   [Construction loan](https://build813.multisites.ai/glossary/construction-loan)
-   [Draw schedule](https://build813.multisites.ai/glossary/draw-schedule)
-   [Fixed-price contract](https://build813.multisites.ai/glossary/fixed-price-contract)
-   [Allowance](https://build813.multisites.ai/glossary/allowance)

## Sources

1.  [Consumer Financial Protection Bureau: What is a construction loan?](https://www.consumerfinance.gov/ask-cfpb/what-is-a-construction-loan-en-108/)

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## Start your home.

Tell Halo about your lot, your plans and your timing. A call or a short note is enough to begin.

[Start your home](https://build813.multisites.ai/contact)

Or call [(813) 956-1972](tel:+1-813-956-1972)