construction to perm loan

[Kay Kim]

Hello BP family,  hope everyone is staying cool in this heat. 

I have some newbie question here. 

Can I get a construction to perm loan for a SFR? If so, what kind of permanent loan should I get after the construction is done. Also, I heard something about "loophole" which is an idea of starting with second home loan then switch to rental property. As little as I know that I shouldn't get a second home loan for a property which intend to rent it out full time, though. So confusing. I would like to stay away from anything illegal process which could potentially lead to mortgage fraud. Little help, please?