Construction-to-Permanent Loan Application

Streamline Your Construction-to-Permanent Loan Applications with Paperform

A construction-to-permanent loan—often called a "one-time close" or "single-close" loan—is a unique financing product that combines the construction phase and permanent mortgage into a single application. For lenders, builders, and borrowers alike, managing these applications can be complex, requiring detailed information about the borrower's finances, the builder's credentials, architectural plans, project timelines, and conversion terms.

This Construction-to-Permanent Loan Application template is designed to help banks, credit unions, mortgage lenders, and construction finance specialists collect all the critical information needed to underwrite and approve these specialized loans—without the hassle of paper forms, email chains, or incomplete submissions.

Why Construction-to-Permanent Loans Need a Better Application Process

Traditional construction loan applications often involve multiple PDF forms, missing documentation, and back-and-forth communication between loan officers, borrowers, and builders. With construction-to-permanent loans, the stakes are even higher: you're evaluating not just the borrower's creditworthiness, but also the builder's track record, the architectural plans, the project budget, the construction timeline, and the terms of conversion to a permanent mortgage.

Using a digital, intelligent form like this Paperform template allows you to:

• Collect complete information upfront, reducing the need for follow-up calls and emails
• Validate builder credentials and licensing as part of the application process
• Accept architectural plans, permits, and cost breakdowns as file uploads directly in the form
• Use conditional logic to show or hide fields based on property type, loan amount, or builder relationship
• Calculate debt-to-income ratios and loan-to-value on the fly with built-in calculations
• Integrate with your CRM, loan origination system, or project management tools via Stepper workflows or native integrations

The result? Faster processing times, fewer incomplete applications, and a better experience for both borrowers and loan officers.

Who This Template Is For

This template is ideal for:

• Mortgage lenders and loan officers processing construction-to-permanent loans for custom home builds
• Credit unions and community banks offering construction financing to local builders and homeowners
• Construction finance specialists managing complex residential or small commercial projects
• Mortgage brokers helping clients navigate the construction loan process
• Real estate developers seeking financing for spec homes or small-scale residential projects

Whether you're a regional bank offering one-time close loans or a specialized construction lender, this template gives you the structure and flexibility to capture everything you need in a single, professional application.

What's Included in This Template

This construction-to-permanent loan application covers:

• Borrower information: Personal details, employment, income, assets, and liabilities
• Co-borrower information: Full details for joint applications
• Property and project details: Lot information, property type, construction scope, and estimated completion date
• Builder credentials: Builder name, license number, years of experience, references, and insurance
• Architectural plans and documentation: Upload fields for blueprints, site plans, permits, and cost estimates
• Construction budget and timeline: Detailed breakdown of construction costs and project milestones
• Loan details: Requested loan amount, down payment, estimated property value, and loan-to-value ratio
• Conversion terms: Preferred permanent loan terms, interest rate type, and amortization period
• Supporting documents: Tax returns, bank statements, credit authorization, and builder contracts

Conditional logic ensures that only relevant questions are shown based on the borrower's situation, property type, and builder relationship, keeping the form streamlined and easy to complete.

How Paperform Makes Construction Loan Applications Easier

With Paperform, you're not just replacing a PDF—you're building an intelligent, branded application experience that works seamlessly with your existing tools and processes.

Branded, professional design

Use Paperform's doc-style editor to match the form to your bank or lender's brand with custom fonts, colors, logos, and backgrounds. Embed the form on your website or share it as a standalone landing page with a custom domain, so applicants feel confident they're working directly with your institution.

Smart conditional logic

Show or hide fields based on answers. For example:

• If the applicant is building a custom home, show fields for architectural plans and builder credentials.
• If they're working with a preferred builder, skip certain verification steps.
• If the loan amount exceeds a certain threshold, request additional financial documentation.

Built-in calculations

Use Paperform's calculation fields to automatically compute:

• Loan-to-value (LTV) ratio based on loan amount and estimated property value
• Debt-to-income (DTI) ratio from monthly obligations and gross income
• Total project cost by summing construction budget line items
• Estimated monthly payment for the permanent loan phase

This gives both applicants and loan officers real-time insight into loan feasibility before submission.

Secure file uploads

Accept architectural plans, builder licenses, cost breakdowns, tax returns, pay stubs, and bank statements as encrypted file uploads, with support for multiple file types and sizes. All submissions are stored securely and can be exported or synced to your loan origination system.

Automate follow-up with Stepper

Once an application is submitted, use Stepper (stepper.io) to trigger automated workflows:

• Send a confirmation email to the applicant with next steps
• Notify the loan officer or underwriting team with a summary of the submission
• Create a new loan file in your CRM or LOS (like Salesforce, HubSpot, or Encompass)
• Request missing documentation automatically if certain fields are incomplete
• Schedule a follow-up call or site visit based on the project timeline

Stepper's AI-native workflow builder makes it easy to design multi-step processes that keep your loan pipeline moving without manual intervention.

eSignatures with Papersign

After initial application review, use Papersign (papersign.com) to send loan agreements, builder contracts, and disclosure documents for secure eSignature. All signed documents are linked back to the original application, creating a complete audit trail from application to closing.

Integrations That Keep Your Stack in Sync

Paperform integrates with the tools construction lenders and mortgage professionals rely on:

• CRMs: Salesforce, HubSpot, Pipedrive—automatically create leads or loan opportunities from each submission
• Loan origination systems: Push data via webhooks or Stepper to Encompass, Ellie Mae, or custom LOS platforms
• Spreadsheets: Log applications in Google Sheets or Airtable for tracking and reporting
• Communication tools: Send Slack notifications, update Microsoft Teams, or trigger SMS alerts when new applications arrive
• Document management: Sync files to Google Drive, Dropbox, or OneDrive for organized storage

With Stepper, Zapier, or Make, you can connect Paperform to virtually any tool in your lending tech stack, ensuring data flows smoothly from application to approval.

Compliance, Security, and Trust

Construction loan applications contain sensitive financial and personal information. Paperform is built for businesses that need enterprise-grade security with SMB-friendly usability:

• SOC 2 Type II certified for data security and privacy
• GDPR compliant with data residency controls and privacy-first design
• SSL encryption for all form submissions
• SSO and role-based permissions for team access control
• Audit logs and submission tracking for compliance and accountability

Your applicants can trust that their information is secure, and your compliance team can rest easy knowing Paperform meets the standards required for financial services.

Getting Started with This Template

This template is ready to use out of the box, or you can customize it to match your institution's specific requirements:

• Add or remove fields based on your underwriting criteria
• Adjust conditional logic to fit your builder pre-approval process
• Customize success messages and confirmation emails with your branding
• Embed the form on your mortgage or construction lending page
• Connect to your CRM, LOS, or notification tools via Stepper or native integrations

Whether you're processing a handful of construction loans per month or managing a high-volume pipeline, this Paperform template gives you the flexibility and automation you need to scale without adding staff.

Ready to modernize your construction-to-permanent loan application process? Start with this template and experience how Paperform can help you close loans faster, reduce manual data entry, and deliver a better experience for borrowers and builders alike.