NEW HOME CONSTRUCTION
APR* AS LOW AS
4.99%
APR is determined by credit score using a tiered pricing program to allow as many members as possible to obtain financing.
*annual percentage rate
BUYING
FINANCING
BUILDING
REMODELING
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.
Building a home? get to know the gnome
Local Loans • Local Payments • Local Service
It's How We do Business
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
• Assess 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
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 acquisition to labor and materials. It can cover contingencies and interest during construction.
How it works
Local Personalized Solutions
Offering flexibility to finance materials, labor, and land 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.
