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If you’re building your dream home, a construction-to-permanent loan (also called a one-time close construction loan) can simplify financing. Instead of applying for separate construction and mortgage loans, you close once, lock in your rate, and transition seamlessly into a permanent mortgage after construction ends. Below are the top 10 banks for construction-to-permanent loans, known for competitive rates, flexible terms, and strong builder support.

1. Wells Fargo

Wells Fargo remains a major player in construction-to-permanent loans, offering one-time close options that convert automatically to a traditional mortgage after your home is built. Borrowers benefit from extensive branch access, competitive fixed-rate options, and support for primary residences. Their streamlined underwriting process and builder approval system make it easier to manage construction timelines. Wells Fargo is ideal for borrowers who prefer working with a large, established lender and want personalized guidance throughout the building process. Strong online tools and nationwide availability add to its appeal for new home builders.

2. U.S. Bank

U.S. Bank offers flexible construction-to-permanent loans with both fixed and adjustable-rate options. Their program allows you to lock your interest rate before construction begins, helping reduce uncertainty during long building timelines. With strong customer service and nationwide reach, U.S. Bank works closely with approved builders to manage draw schedules and inspections efficiently. Borrowers appreciate the predictable payment structure and transparent fee breakdown. If you’re seeking a well-established bank with competitive down payment requirements and solid construction lending experience, U.S. Bank is a dependable choice.

3. Bank of America

Bank of America provides construction financing solutions that transition into permanent mortgages upon project completion. Borrowers can access competitive rates and relationship discounts if they already bank with the institution. Their digital mortgage platform simplifies document uploads and progress tracking. Bank of America also offers jumbo construction-to-permanent loans for higher-budget custom builds. With strong financial backing and wide availability, it’s well suited for borrowers looking for convenience, bundled financial services, and a seamless online experience combined with in-person branch support.

4. TD Bank

TD Bank offers construction-to-permanent loans with a straightforward one-time closing structure. Borrowers can choose fixed or adjustable-rate options, and the bank works closely with licensed builders to ensure smooth fund disbursements during each construction phase. TD Bank is especially strong along the East Coast, where it maintains a solid branch network. Customers value its transparent communication and relationship-based banking approach. If you want personalized service and predictable loan conversion terms once your home is complete, TD Bank is worth considering.

5. Truist Bank

Truist Bank offers competitive construction-to-permanent financing with flexible terms for primary residences and second homes. Known for strong regional presence in the Southeast and Mid-Atlantic, Truist provides hands-on guidance throughout the building process. Their one-time close program simplifies paperwork and locks in permanent financing early. Borrowers benefit from personalized mortgage specialists and clear draw schedules during construction. Truist is a great option for homeowners seeking relationship banking and tailored financial solutions with reliable local expertise.

6. Huntington National Bank

Huntington National Bank provides construction-to-permanent loans designed to simplify custom home financing. Their one-close option eliminates the need for a second closing after construction ends, saving time and fees. Huntington emphasizes flexible down payment options and competitive long-term mortgage rates. Borrowers benefit from a structured draw process that ensures funds are distributed efficiently during each construction milestone. With strong Midwest coverage and attentive customer service, Huntington is a practical choice for families building new homes in its service regions.

7. Fifth Third Bank

Fifth Third Bank offers construction-to-permanent loans with flexible rate options and streamlined approvals. Borrowers can secure permanent financing upfront while accessing funds in stages as construction progresses. The bank works closely with approved contractors and inspectors to manage the building process efficiently. Fifth Third is known for competitive rates and a strong customer support team, particularly in the Midwest and Southeast. If you’re seeking stability, regional expertise, and personalized guidance during your home-building journey, Fifth Third Bank stands out.

8. Regions Bank

Regions Bank provides one-time close construction-to-permanent loans that convert seamlessly after the home is complete. Borrowers appreciate the predictable payment structure and ability to lock rates early in the process. Regions works closely with licensed builders and conducts scheduled inspections before releasing funds. Their mortgage specialists guide clients through budgeting, appraisals, and timelines. Strong regional coverage in the South and Midwest makes Regions Bank a reliable partner for custom builds in those areas.

9. Flagstar Bank

Flagstar Bank is recognized for its expertise in specialty mortgage products, including construction-to-permanent loans. The bank offers competitive rates, jumbo loan options, and flexible terms for custom builds. Borrowers benefit from streamlined underwriting and dedicated loan officers who coordinate with builders throughout the construction phase. Flagstar’s experience in mortgage servicing ensures a smooth transition into permanent financing once construction is complete. It’s a strong option for borrowers seeking tailored financing and attentive support.

10. First National Bank

First National Bank offers construction-to-permanent loans with a focus on community banking and personalized service. Borrowers can finance land purchase, construction costs, and permanent mortgage terms in a single closing. The bank provides flexible rate structures and clear draw schedules during construction. Customers appreciate its relationship-driven approach and the accessibility of loan officers. If you prefer working with a community-focused bank that understands local markets and building regulations, First National Bank is a strong contender.

Conclusion

Choosing the best construction-to-permanent loan lender depends on your location, credit profile, builder requirements, and long-term mortgage goals. Large national banks offer convenience and competitive pricing, while regional banks often provide more personalized service. Before applying, compare interest rates, down payment requirements, draw schedules, and rate-lock options. With the right bank, your dream home can move from blueprint to reality with less stress and more financial confidence.