MPF Announcement 2025-11
MPF Traditional – Single Close Construction-to-Permanent Update
Effective Date: Immediately (unless otherwise noted)
The MPF Program is updating the MPF Traditional Selling Guide by incorporating guidance regarding acceptable construction loan periods for single-close construction-to-permanent transactions.
The construction loan period for single-closing construction-to-permanent transactions must not exceed 18 months. After conversion to permanent financing, the mortgage loan must have a loan term not exceeding 30 years, disregarding up to 18 months of the construction period.
For additional information, see MPF Traditional Selling Guide Section – 2.3.1 Maturity and 2.6.3.2 Single Close Transactions.
If you have any questions, please contact the MPF Service Center via email MPF-Help@fhlbc.com or phone 877- 345-2673.
- References:
- MPF Announcement 2025-11