Construction Loans

You're building something special. We can help make it happen.

You've decided to build a new home in Wisconsin, Michigan, or Illinois. That involves a lot of moving parts. So at CoVantage, we try to keep things simple to take you from buying a lot to paying for labor and construction costs. The streamlined process means more time for you to oversee the building process and frees up money for the architectural features you really want.

• Competitive interest rates
• Low down payment
• 18-month loan with balloon payment
• Money can be used for construction, development and other aspects of project financing
• Find out what documents are needed when applying for a home loan
• Use our calculators to figure out your monthly loan payments
• Get more information from our Free Construction Financing Guide
• Learn all about our Mortgage Lending Policy
• Our in-house loans are eligible for CoVantage's Loan Interest Rebate program 

Interest Only Construction Rates

Annual Percentage Rate (APR) effective 04/01/2023 and subject to change. Rates and monthly payments are our lowest available. Rates and monthly payments are based on a $100,000 loan amount, 60% Loan-to-Value (LTV) purchase transaction. Please be aware that individual rates and terms may vary based on down payment, LTV, credit history, purpose of the loan, property type, and credit score. See all rates.