Appraised value at the time of construction/permanent closing (if the land is purchased by the prospective buyer, appraised value can be used rather than acquisition cost).

30 year fixed mortgage interest rate – locked up to 60-Days prior to the construction / permanent closing.

The permanent financing is secured at the one-time closing.  After the closing, a loss of job, an incident of a negative credit, etc., won’t be an issue.

Up to 80% LTV