Once your loan closes, your general contractor will begin construction on your new home within 30 days of the loan closing date. We’ll help manage the construction budget and timeline as the home is being built. During this time, the funds from the loan that were placed in an escrow account will be disbursed to cover construction costs. When the construction project is completed, you’ll be given a Certificate of Occupancy, meaning you can now move into your new home. The amortization of your permanent mortgage must begin 60 days after you receive this certificate.