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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.

We finance post-frame homes

It can be difficult to find a lender who doesn’t charge a higher rate, require a larger down payment or shortened terms for you to build your post-frame home. We have made updates to our construction process where most post-frame home construction will be financed the same as a conventional style home.

All loans subject to credit approval and eligibility.
* 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.