When you are ready to build your dream home, we are your construction loan partner!
Check out our Construction Loan Special!
Rates as low as
4.99% - 9 year term, interest only payments
9.20% Annual Percentage Rate
We understand the importance of a home. From finding the right piece of land to blueprints to finished construction, we are here for you each step of the way! Our team works alongside you to support and educate throughout the entire process. We will work closely with your builder, title companies, and inspectors to ensure the highest quality service is provided.
CONSTRUCTION LOANS:
WORRY-FREE FINANCING: We aim to make the construction process as stress-free as possible. Our staff will work closely with you and your builder to provide a flexible and reliable construction process. You can expect timely communication, tailored service, and local decisions.
HOW IT WORKS: Our loans are structured like a line of credit. You pay a low monthly interest rate each month on the portion of funds advanced from the loan. Once the home is complete and all funds have been disbursed, the construction loan is paid off a long-term loan we’ve helped you select from a variety of options available.
Our flexible lending options allow for single or two time closes – depending on what makes the most sense for your financing needs.
WI costs:
Origination fee: 1% of loan amount
Other costs: $3,682.50
Total costs: $13,057.50
MN costs:
Origination fee: 1% of loan amount
Other costs: $6,666.00
Total costs: $16,041.00
For example:
Purchase Price: $1,000,000.00
Loan amount: $750,000.00
9-month term, interest only payment
Monthly Payment: $3,118.75
WI costs: $13,057.50
MN costs: $16,041.00
