Building new or updating your home? A construction loan keeps financing simple—so you can focus on the build, not the paperwork.
Everything You Need to Build with Confidence
One-Time Close
- One loan. One closing.
- No second set of closing costs.
Build Now. Pay Principle Later.
- Funds are released as construction progresses.
- Interest only payments on funds drawn during the construction period.
Lock Your Rate Early
- Secure your long term rate upfront and protect yourself from future increases.
Local Experts. Local Decisions.
- Your loan is handled by local decision makers and dedicated construction specialists who understand your project and your timeline.
Self Builds Welcome
- Acting as your own general contractor? Self build projects are considered.
No Prepayment Penalty
- More flexibility when your loan converts to permanent financing—no penalty for paying early.
Connect with a Mortgage Representative Today
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Jeff Thomasson |
Tom Tuckey |
Jon Robertson |
Senior Mortgage Loan OriginatorTeam member since 2011. Phone: (517) 841-5134 |
Senior Mortgage Loan OriginatorTeam member since 2025. Phone: (248)709-6582 |
Senior Mortgage Loan OriginatorTeam member since 2021. Phone: (517) 841-5120 |
Key Features
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Competitive Rates
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Fast Decisions
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Local Service and Processing
Competitive Rates
Fast Decisions
Local Service and Processing
- Pay interest only during construction
- Favorable construction period available
- Draw-system: money released as construction progresses
- Checks cut directly to suppliers/contractor for convenience
- Plan designed to save you money
- Rolls into permanent mortgage upon completion
- One-time closing saves money on closing costs
- Available on modular homes
Conventional loans must meet Fannie Mae Guidelines; maximum loan amount for conventional loans is $806,500. All property financed with TRUE Community must be owner occupied, no investment or rental property allowed. Conventional loans over 80% LTV must have Mortgage Insurance and are required to escrow for Mortgage Insurance, Homeowners Insurance and Property Taxes. Rates and APRs may vary depending on loan details, such as loan amount, loan-to-value, your credit, property type, purpose (purchase or refinance with cash-out vs. no cash-out), occupancy (owner occupied or second home) and points paid. Rates are subject to change without notice. You will need to speak to one of our loan officers to obtain a specific quote or to lock a rate.
Borrowers must be of legal age to apply for a loan.