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.
- Loan amounts up to $667,000
- 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