After your home is complete this loan replaces the construction loan and becomes the long-term mortgage. There are lower closing costs involved than processing two separate loans. Construction to Permanent Jumbos Home Equity Money can be borrowed according to the equity built up in your home for debt consolidation, home improvements, weddings, vehicles, etc. The loan amount is based on your income and the county you will be residing in. Energy Loans - Examples of these include improvements to doors, windows, heating systems, and insulation.
Income is a basis for qualification.
A Maximum loan cap is placed by the county.