One-time close construction to perm financing

Primary residence

• 5% down up to $1,000,000
• 10% down up to $1,500,000
• 20% down up to $3,000,000
• 680 credit score
• Special Physician/Medical Professional Program available

Second Home

• 10% down to $1,000,000
• 20% down to $2,000,000
• 680 credit score

Primary/Second Homes Additional details:

• 30 yr , 20 yr, 15 yr fixed 10 yr, 7 yr or 5 yr arms
• 1 unit properties only,  Barndominiums, manufactured homes ok
• Interest only payments during the construction phase
• Loan automatically converts to permanent financing upon completion of home
• Free float down at the end of construction/Loan modification options
• Construction period is not included in the permanent financing period
• Eligible for additional rate discount if you have your payment auto drafted from a Liberty FCU bank account
• Rate during construction will be the same as permanent financing rate
• Owner builder ok (restrictions apply)
• Lot equity counts toward down payment
• No prepayment penalty
• Fast closings with full package

Lot Loan Financing available

• 20% down
• 680 credit score
• Max 10 acres with intent to build
• Fixed 10 or 15 Yr Terms (15yr fixed with 20 yr payment, borrower qualifies with 20 yr payment)
• Up to 6% seller concessions allowed for closing costs
• Down payment can be a gift
• Appraisal and title required

Eligible for rate discount when you set your payment up to auto draft from a liberty FCU account

Who it not for us

• No VA of FHA (our construction and lot loans are portfolio products)
• No Investment property or spec homes
• NO foreign nationals (must be US Citizen, Permanent resident alien)

Construction loans are different animals. They have different rules and qualifying criteria. No feeling is worse than not qualifying for a loan after you are committed to a lot. It makes for a REALLY bad day and a big mess. All of the loan officers listed on this site specialize in Construction Loans ONLY. They are battle-tested, seasoned, and recommended by your peers. Give them a call!

Do you want a Construction Loan Specialist to contact you? We’ve made it really easy. Drop your name and phone number in the form on this page, and we’ll let her know you’re looking for her.