Your Credit Union specializes in the popular All-In-One construction loan. This product eliminates the need for two separate loans, one for the construction and one for the mortgage with two rates and two sets of closing costs.
The All-In-One loan features a great fixed rate with up to 90% financing of the cost of acquisition or appraised value (whichever is lower). You pay interest only for the first nine month construction phase on your amount drawn by the contractor. The loan then automatically converts to a conventional mortgage. The interest remains the same and there are no additional fees.
Apply for a Home Construction loan now.
Federally insured by NCUA
Equal Housing Lender