Skip to main content

Residential New Construction Loan

Build your dream home with Credit Union of America's low rate, interest only payments during construction. Our “one stop shop” approves you for the after construction permanent financing with the same initial loan application. 

Get Started    View Rates

 

couple in front of new home construction

 

Product Details

  • Up to 90% Loan to Value (LTV)1
  • Site land equity can be applied to your down payment
  • Local underwriting and servicing
  • Preapprovals and commitment letters available
  • Kansas properties only

 

1 Purchase or refinance mortgage is a fixed rate with 10-year, 15-year, 20-year, and 30-year  repayment options and 20% down. Annual percentage rate (APR) as of 6/15/2026 is 9.248% and subject to change. Example: A $250,000 loan with 20% down financed at 7.75% interest rate equals a monthly payment of $1,614.58 for 360 months. Taxes and insurance are not included; actual payments may be greater. Other restrictions may apply, for full details speak with a Credit Union of America Loan Officer.