Construction Loans

Nothing on the current housing market suits your style? Or are you just a do-it-yourself person? In either case, a Construction Loan is the perfect financing solution for those looking to build their own home.

Building a home is something special. We can help make it happen with the right loan.

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

Interest Only Construction Rates

Annual Percentage Rate (APR) effective 06/20/2024 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.

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Term Rate APR As Low As Monthly Payment Per $1000
18 Month Balloon 5.875% 11.385% $4.83

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