Finance
In Colorado, a 'construction-to-permanent loan' (C2P or CP loan) combines:
AA VA loan and an FHA loan
BA short-term construction loan and a long-term permanent mortgage into one loan✓ Correct
CA fixed-rate and adjustable-rate mortgage
DCommercial and residential financing
Explanation
A construction-to-permanent loan (also called a one-time close or single-close loan) combines the construction financing and the permanent mortgage into a single loan, avoiding two separate closings. The loan converts from a construction loan to a permanent mortgage when construction is complete.
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