Construction Loans

At Rural 1st   you can go from construction to permanent financing with one simple loan package—refinancing is not required when the project is complete.

We allow the land you’re building on—rather than only the dwelling value—to be used as equity for your down payment so you can maximize the amount of your financing.

Lock in your loan with fixed-rate financing
During the construction process you have the option to lock in your loan with variable to adjustable or fixed-rate financing.*

Choose your own builder
Choosing a contractor is your decision, so we’ll work with your choice. If you have experience and well-documented plans, you can even be your own self-contractor.**

Take up to one year to complete your project
Many lenders require you to finish building within a six-month window. At Rural 1st you can take a full year to complete your project—allowing time for weather and schedule delays.

* Conversion fee of $500 applies.
** Subject to restrictions.
Our skilled lending specialists understand the ins and outs of construction lending — we’re here to help through every phase of your project.