Buying
Refinancing
Building
Remodeling
NEW HOME CONSTRUCTION & MAJOR HOME IMPROVEMENT
APR AS LOW AS
4.99%*
*annual percentage rate
Rates are subject to change without notice
The Perfect Solution
Our Home Construction and Major Home Improvement Loan is the perfect solution for those who want a home loan that is as unique as their building plans.
With our custom fit mortgage, you can enjoy construction loan interest rates designed specifically for long term building projects, along with local control of construction and in-house loan servicing. Build a solid relationship by working with the same mortgage loan officer from the start of construction through the end of your project with multiple options for permanent financing once your construction is complete.
The right mortgage can make all the difference. Before financing your project, experience what a seasoned Mortgage Lending Team can do for you. Take comfort in knowing your payments & questions will be handled locally by a trusted partner.
Local Loans • Local Payments • Local Service
It's How We Do business
The right mortgage can make all the difference. That's why you should talk to our Mortgage Lending Team before financing your home. All of your payments & questions will be handled by our office, locally with someone you know.
We dig what you have planned
Our Construction Loans for projects over $35,000 come with an impressive list of benefits:
• No limits on the number of draws
• General contractor is not required
• No fee for draws (requires $500 minimum reimbursements)
• Only pay interest on loan amount advanced during construction
• 12 month loan term
• Multiple options for permanent financing once construction project is complete
• Local control of construction and local loan servicing of the permanent loan
• Work with your same mortgage loan officer from the start of construction through the end of financing
• Work with on-site staff to disperse and track loan funds
Need assistance?
We can help:
Review Bids
Asses Plans to Ensure Items are Not Omitted
Follow You Step by Step Through Your Project
Work with Your Loan Officer to Disperse and Track Loan Funds
Monitor Expenses to Avoid Overages
Construction Loan Basics
Your Home is What You Make It
A construction loan is short-term financing for building a house, encompassing costs from land aquisition to labor and materials. It can cover contingencies and interest during constructions.
How iT works
Local Personalized Solutions
Offering flexibility to finance materials, labor and acquisition, these loans last 12 to 18 months and can evolve into standard mortgages post-construction. Enjoy seamless collaboration with your mortgage loan officer from start to finish, with multiple permanent financing options once your project completes.
The Dakotaland Real Estate Lending Team also has additional programs and grants available that may fit your specialized needs. At Dakotaland all loans are kept local from application to final payment, unless otherwise noted. Keep your loan local!