Dominion Residential Mortgage - DRM offers a full range of loan programs to help make your homeownership dream a reality.

Construction Loans

Building a new home but worried about the complicated financing of two separate loans?  You need Construction-to-Permanent financing (also known as a C-Perm or CTP).  A Construction-to-Permanent loan can be used for new construction or additions to an existing property.

 

Construction-to-Permanent Loans Offer:

  • Simplicity - One application, one approval process and one set of closing costs.
  • Convenience - You can buy the land, close your construction loan and secure permanent financing all in one day! And when the construction is complete you have an option to decrease your loan amount.
  • Rate lock options - You can lock in the mortgage interest rate during the construction period for up to one year, with the opportunity to secure a lower rate if rates decline.
  • Flexibility - Available in fixed-rate, adjustable-rate, balloon, and jumbo mortgage options.

Best for People Who:

  • Building homes from scratch and need construction financing
  • Builders who want to sell more homes by offering their homebuyers time and money savings
  • First-time homebuyers or purchasers looking to buy new construction that would like to save time and money 

Dominion Residential Mortgage's construction loan programs offer customers who are building homes the flexibility of a double-close loan with the ease and benefits of a single close loan by streamlining the mortgage process and saving you both time and money.



What our customers are saying about us...

"Thanks for making it such an easy experience!  You have a great team."
- James S.

"Dominion Residential helped me through one of my toughest times.  Everything was easy and on time.  All of my questions were answered very clearly.  I would recommend them to anyone!"
- Tami M.

"You guys are awesome. "
- Ben P.

"Very easy"
- Enrique A.

"The best mortgage company in the world!"
- Mike B.

"A great rate and really easy.  I will tell my friends."
- Judy D.

"I can't believe you were able to help me.  Thanks for everything and enjoy the cookies!"
- Katie A.

"I am so excited to be in my first home and it is all because of you!"
- Sharon C.

"Thanks for fixing my credit and getting me into a home.  I never thought would be able to do it..."
- Lori T.

"That was the easiest mortgage I ever done.  I will always recommend you."
- Richard K.

"Thanks for helping me!"
- Erin Q.