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YOUR VISION CAN BECOME A REALITY

Build Your Dream Home with a Flexible Construction Loan

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Turn your vision into reality with a construction loan designed to support your project from start to finish. Once your home is complete, you can seamlessly transition to a regular mortgage.

  • Financing that supports you during construction and beyond
  • Borrow up to 90% of the appraised value
  • Make interest-only payments during the draw period
  • Quick processing and low closing costs
  • Land loans available for future development or recreation

Plus, manage your loan anytime, anywhere with our free online banking and mobile app. Check your balance, make payments, and more with ease.

Apply Now

How do construction loans work?

Building your dream home is simple with a construction loan from Cotton Belt FCU. Here’s how the process works:

Submit

Submit your finalized house plans, site details, and construction contract for appraisal. We’ll review your finances and credit history.
01

Borrow

Borrow up to 90% of the appraised value with a construction loan. Lock your rate as soon as your loan amount is approved.
02

Close

Close your loan with minimal closing costs and make interest-only payments during the draw period.
03

Receive

Receive funds in stages as construction progresses, ensuring smooth financing throughout your project.
04

Finalize

When your project is two to three weeks from completion, we’ll start processing your permanent loan and help lock your new rate.
05

Complete

Complete the process with a final appraisal. Your home’s value will be confirmed, and your mortgage will be finalized.
06

Do you have land loans, too?

Yes! We offer land loans for building development as well as other uses, such as recreational purposes.
Smart Tools to Guide Your Homeownership Journey

Mortgage Calculators

Take advantage of our calculators to make informed choices for your future.

Home Affordability Calculator

Determine your budget for a comfortable home purchase.

ASSESS BUDGET

Compare Mortgage Options

Weigh different loan types for your perfect mortgage match.

SEARCH OPTIONS

Mortgage Payment Calculator

Estimate monthly payments to fit your financial plans.

ESTIMATE PAYMENTS

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As your local not-for-profit financial institution, we aim to deliver better rates, fewer fees, and helpful service every step of the way. 

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