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Construction Loan

​Save time and money with a One-Time Close loan. We’ll pay up to $5,0001 in select closing costs, charge no origination fee, and require only one application. It’s simple and painless.

Planning to build on an investment property? Contact our Commercial Services Department  at 1.800.397.4480 for assistance.

One-Time Close Loan
We've simplified the loan process...

Mem​ber Reviews
  • Low Closing Costs – We’ll pay up to $5,0001 in select closing costs
  • No Origination Fee – That’s a savings of up to 1% of your total loan balance
  • No Stress – Your construction loan automatically transitions to a mortgage loan

 Construction Loan Rates

Rates as low as...
Points APR  
One-Time Close, 30-Yr Fixed* 4.125% 0% 4.222% Apply

*Based on a $135,000 Loan Amount with a 80% LTV and FICO>=740. View our Construction Loan Payment Examples.

More Benefits:

  • No Prepayment Penalty – Pay off part, or all, of your loan early
  • Flexible Terms – We offer flexible terms to meet your financing needs.2

​Membership eligibility required. Loan subject to credit approval.

  1. The program offer to save up to $5,000 in select closing costs does not include mortgage insurance, seller paid closing costs, origination fee, discount points or pre-paids and reserves. It is not valid for FHA and VA loans. Closing costs may vary based on transaction. If loan is closed or paid off within first 36 months of the term, member may be required to reimburse all or some of the closing costs incurred.
  2. Applies to fixed rate mortgages with terms of 10, 15, 20, or 30 years and Adjustable Rate Mortgages (ARM) with a term of 30 years. The interest rate can be locked for a period of 30 days. Interest rate will be guaranteed provided member provides the credit union with all documentation, information, and certifications requested. Members must satisfy all loan approval conditions in a timely manner in order to allow the credit union adequate time to process and fund the loan within the lock period.

Financing available for properties in Texas, Colorado or Utah. Membership eligibility required. Loan subject to credit approval.

†  APR = Annual Percentage Rate. The APR is accurate as of 5/19/17.

Mortgage interest rates are subject to change at any time and without notice based on market fluctuations. The rate and term offered to members may differ from the rates reflected above based on the credit history, final loan-to-value, and mortgage loan program. Cash-out refinance transactions may be significantly different than the rates shown above.