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house under construction

Construction to Permanent Loans to Build Your Dream Home

Banking for Individuals

build your own


When building your dream home, a construction to permanent loan from Univest covers you from the ground up. Whether it is a home to raise your children in or a vacation getaway, Univest can help you finance or renovate your dream home.

  • Loan amounts up to $2,000,000
  • One-time close with modification at end of construction
  • Fixed and adjustable rate mortgage (ARM) products available
  • Custom draw schedules
  • Up to 80% loan-to-value (LTV)
  • Construction periods available up to 12 months
  • Rate protection during construction period

  1. Discussion and Application Process
    • Work with a Univest Home Loan Consultant to discuss your intent and the available loan options
    • Find a builder who is approved by Univest as it relates to the work being done and the loan requirements
    • An appraisal is arranged to review the intended work and property to determine an estimated value of the home once complete
    • Review the draw schedule to understand when funds will be disbursed for the projected construction
  2. Loan Approval and Building Construction
    • The initial loan includes construction financing for 12 months
    • Construction funds are disbursed as work is completed in compliance with the builder’s draw schedule
    • Completed work is verified by the original appraiser
  3. Completion
    • Once the home is complete the loan is modified to address permanent financing

  • Project must be approved by Univest
  • Good credit and debt-to-income ratios
  • Appraisal completed based on plans and specs

Primary and secondary homes:

  • 1 unit
  • Detached planned unit development (PUD)
  • Modular homes
  • Log homes

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