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Construction-to-Permanent Financing
Convert interim construction financing used to construct a new residence to a long-term mortgage
Fannie Mae supports the new construction market with two types of financing: Single-Closing and Two-Closing Transactions.
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Forms
- Appraisal Update and/or Completion Report (Form 1004D)
- Loan Modification Agreement (Providing for Adjustable Interest Rate) (Form 3161)
- Loan Modification Agreement (Providing for Fixed Interest Rate) (Form 3179)
- Special Purpose Documents - Model legal document (Form 3734)
- Riders & Addenda (Form 3737)
- Riders & Addenda (Form 3738)