Can you refinance a interest only construction loan prior to converting to conventional?

You could, but why would you? You don't need to refinance to convert a short-term interest-only payment to a principle and interest payment. Simply send in additional funds and designate as extra principle payment. Be mindful about the Texas cash-out home loan.

We'd require the CO (Certificate of Occupancy) before we'd cut it over from interim financing to permanent financing. Feel free to call me to discuss / Jeff Albrecht / Colonial National Mortgage / 512-807-2951

Refinancing a Temporary/Construction loan would require a lender willing to take on the process. As is noted to convert to a Permanent Loan you would need the Certificate of Occupancy and if the home is not complete this would be a challenge. I'd be happy to discuss the specifics of your situation and answer any questions that you may have. Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach "Educating you to make the right financial choices for your family today and tomorrow" Direct/Text: (936) 228-1944

call me at 602-330-1598 i do construction loans www.yourloanparterforlife.com you might have to copy and paste my web in your browser...

I'm not sure I understand your question... if you're asking to refinance an existing construction loan prior to the property completion into another type of construction loan.. Which eventually will convert to a conventional loan.. Then the answer is "Why" Your construction loan is in place... I doubt another lender would want to refinance you into an even shorter term loan, which will be paid off by a Mortgage upon completion... I can't see any benefit of refinancing a construction loan unless the property has been completed and you want to get a "Mortgage".. Contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Probably, but you likely would not find a lender willing to do so. If the property is still under construction, it is doubtful that a new lender would consider it. If it is complete, you should refi into the permanent loan and take advantage of these low rates. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com