Construction Loan
When building the right home for you, our construction loan option is an interest only loan that provides the funds needed to build your home which will then convert to a conventional loan to determine your final interest rate. Builder approval is required and the lot may serve as a partial 20% down or the full down payment when purchased.
Construction Loans
- Loan amounts up to $766,550
- Up to 80% LTV1
- Lot can serve as partial 20% down or all down payment when purchased.
- Builder approval required
- Does not allow for members to build own home
- Loan is an interest only loan that converts to a conventional loan for final interest rate