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We understand that building your dream home is a significant milestone. Our Construction Loan program is designed to provide you with the financial support and flexibility you need throughout the building process. From groundbreaking to move-in day, we're here to help you every step of the way.

Advantages of choosing IAACU Construction Loan

  • Competitive Rates: Enjoy low interest rates that make your home-building project more affordable.
  • Flexible Terms: Tailored loan terms to fit your specific needs and construction timeline.
  • Simple Application Process: Easy application process with quick approvals.
  • Expert Guidance: Access to our team of experienced loan officers who can guide you through every phase of construction.
  • Personalized Service: Personalized service from a trusted local credit union.

 

Features of Our Construction Loans

  • Interest-Only Payments During Construction: Pay only the interest on your loan during the construction phase, reducing your monthly payments until your home is complete.
  • One-Time Close Option: Simplify your financing with a single closing for both your construction loan and permanent mortgage.
  • Customized Disbursement Schedule: Funds are disbursed according to your construction milestones, ensuring you have the money when you need it.
  • No Prepayment Penalties: Pay off your loan early without any additional fees.

Ready to Build Your Dream Home?

Take the first step towards building your dream home today. Contact one of our knowledgeable loan officers to discuss your construction loan options and get started on your journey.

This is not an application for mortgage.  Mortgage prequalification helps to determine if you meet the minimum requirements for a loan and how much home you can afford.  If the qualifications are met for the purchase price and loan terms you have listed you will be presented a pre-approval letter.  If you’re confident in your finances and are ready to apply now, you should complete a full application instead.

Continue to Pre-Qualify Now