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 the dwelling alone—to be used as equity for your down payment, so you can maximize the amount you are financing.

Lock in your loan with fixed-rate financing

During the construction process, you have the option of locking 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 scheduling delays.

We finance post-frame homes

Many lenders may charge a higher rate or require a larger down payment or shortened terms for you to build your post-frame home. At Rural 1st, most post-frame home construction will be financed in the same way as a conventional-style home.

All loans subject to credit approval and eligibility. *Conversion fee of $500 applies. **Subject to restrictions.

Explore Your Options

Our skilled lending specialists understand the ins and outs of construction lending—we’re here to help, through every phase of your project.