Construction

Financing the construction of your dream home is now easier and more affordable than ever with McCue Mortgage’s CTP loan program - a mortgage program that gives you flexibility and choices when financing the construction of your new home.

And exactly what is a CTP loan and how does it differ from a standard “purchase” mortgage? First, it is similar to a traditional mortgage in that you only need to go to one closing. The construction to perm loan (CTP) is a two-in-one loan that makes construction financing easy and affordable. CTP allows you to go through one application and closing process in obtaining what is conceptually two loans – a short term loan that pays for construction, and then converts to a final end loan that becomes the your permanent mortgage.