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Serving members worldwide since 1935.

Construction-to-Permanent Loans

  • Upfront Rate Lock & Single Closing
  • Loans up to $3 Million
  • Finance up to 95% Value CLTV
  • Financing Available in All 50 States

Have Questions?

Video: What to Expect Beginning to End
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Historical Cost of FundsOpens in New Window
Mortgage Checklist for ApplicantsOpens in New Window

The Lafayette Federal Construction-to-Permanent Loan was designed to help you build or renovate the home of your dreams without worrying about the lending nightmares that can pop-up during the process.

Construction Loan & Mortgage Wrapped Into One

Our Construction-to-Permanent loan covers construction while you’re building, then converts to a fully-amortized mortgage when completed. We offer an up-front rate lock and only require a single appraisal to save you money.
  • Interest-only payments during the construction phase, up to 18 months
  • Purchase and Refinance transactions
  • Loan amounts up to $3 million based on the home’s future appraised value
  • Commonsense approach to underwriting

construct to permanent loan, mortgage loans, builder loans


See how the entire process works, from meeting with an LFCU Mortgage Loan Officer, to Permanent Mortgage Transition (PDF)Opens in New Window


Your Construction-to-Permanent Loan Officer

You can call or email us to answer questions or get advice. Ready to close on your mortgage quickly? We can get your mortgage approved in minutes, rather than days or weeks! We offer free pre-approvals, so you can shop for your home knowing that you can afford the mortgage. Confused about which program to choose? We'll help you determine what's best for your situation. We're always just a call or email away!

Mortgage officers are based in our Corporate Office at 2701 Tower Oaks Boulevard, Rockville, MD 20852.

Laura Grabowski

Laura Grabowski

Mortgage Loan Officer
NMLS #428701
Office 240-292-5584
Cell: 202-603-7248
lgrabowski@lfcu.org

Learn more about Laura and get pre-approved for your mortgage.


Schedule a Call or Meeting

*APR = Annual Percentage Rate. Your APR may vary. Rates subject to change. Must be eligible for membership. The rates provided are based on a variety of conditions which include consumer credit score which may be higher or lower than the individual score. Your loan’s interest rate will depend on the specific loan type and characteristics of your loan transaction and your credit history up to the time of closing. The interest rates are not a replacement for a Loan Estimate and all information presented is subject to change at any time. APR values for mortgage loans assume average closing costs associated with the transaction and may not include additional costs required by loan type (e.g., VA Funding Fee and Private Mortgage Insurance). Actual rates may be obtained by contacting a Lafayette Federal Credit Union Loan Officer. Adjustable rate mortgage products are based on Lafayette Federal’s Cost of Funds Index (COFI) or the Constant Maturity Treasury Rate (CMT). Must be eligible for membership and all borrowers must become a member prior to consummation. $50 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY** on Lafayette Federal checking account balances. **APY=Annual Percentage Yield. Rates are subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Contact a Lafayette Federal representative for loan details and restrictions. NMLS #464425. ***Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. If you are obtaining a mortgage, your lender may have specific rules on how Cash Rewards can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by the lender. Please consult with your lender for details that may affect you. NMLS 464425
HOME MORTGAGE DISCLOSURE ACT (HMDA) NOTICE: The HMDA data about our residential mortgage lending are available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's websiteOpens in New Window.
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