Sometimes the best way to get your dream home is to build it. We can help with affordable financing.
Key Features
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Competitive Rates
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Quick Decisions
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Local Processing
Competitive Rates
Quick Decisions
Local Processing
Current Members
Not a member yet?
Building a house is no small undertaking. And construction loans1 can be even more complicated. But not when you do it with Family Trust.
First, we’re local and available when you need us. We’ll answer your calls, walk you through the process and stay by your side the whole time. And you know you’re going to need that, don’t you?
Second, we’re a credit union. We’re not in this business to make a profit or satisfy shareholders. We’re here to make financing and building your dream home as simple and affordable as we possibly can. Because here, you come first.
Here’s everything you’ll get with a Family Trust construction loan:
We provide financing throughout the construction process; this rolls into a permanent mortgage once your home is complete.
We offer:
- Competitive fixed-rate mortgages and adjustable-rate mortgages (ARM)
- All-in-one construction loans
- Up to 95% financing on stick-built homes built on-site
- No land seasoning requirements for previous land ownership
- Loans for primary-residence construction
- Construction draws are applied in stages, based on work completed, to pay your builder
- Helpful Mortgage Loan Originators to make getting your loan fast and easy
- Options for financing major renovation projects
In addition to construction loans, we can provide financing for major renovation projects with our Homestyle® Renovation Mortgage.2
We also offer financing for lot and land purchases,3 with up to 80% financing and competitive interest rates for eligible land and lot loans. Fixed and adjustable rate terms are available.
Current Members
Not a member yet?
1. To apply for a Construction Loan, you must be 18. Qualification is based on creditworthiness, income and other underwriting factors, and is subject to approval. Rates and terms may vary depending on collateral, loan to value and is subject to change. If adjustable rate mortgage is chosen after construction phase, rates are subject to increase after the initial fixed rate period. Property insurance is required, and flood insurance is required where applicable. Closing costs such as attorney fees, insurance premiums, property taxes and appraisal fees may apply.
2. To apply for a Homestyle® Renovation Mortgage, you must be 18. Qualification is based on creditworthiness, income and other underwriting factors, and is subject to approval. Rates and terms may vary depending on collateral, loan to value and is subject to change. For purchases, renovation costs are limited to 75% of the lesser of the purchase price plus renovation costs, or the “as-completed” appraised value and refinances are limited to 75% of the “as-completed” appraised value. See your Lending Consultant for complete terms and conditions. Property insurance is required, and flood insurance is required where applicable. Closing costs such as attorney fees, insurance premiums, property taxes and appraisal fees may apply.
HomeStyle is a registered trademark of Fannie Mae.
3. To apply for a Lot or Land Loan, you must be 18 and have a credit score of at least 660. Qualification is based on creditworthiness, income and other underwriting factors, and is subject to approval. Rates and terms may vary depending on the collateral, loan to value and mortgage loan product. Maximum loan-to-value is 80%. Property insurance is required, and flood insurance is required where applicable. Closing costs such as attorney fees, insurance premiums, property taxes and appraisal fees may apply.
The SAFE Act requires a mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry and provide their Mortgage Loan Originator Identifier number to a consumer when engaging in a mortgage loan transaction. You may obtain information about the Mortgage Loan Originator by accessing the Nationwide Mortgage Licensing System and Registry.
NMLS Identifier Number: 493819