Building your home is a big step. Our Construction Home Loan Program gives you flexibility and control along the way.
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How Funds Are Paid Out (Draws)
Construction loan funds are released in stages, called draws, as work is completed, rather than all at once.
Interest and Payments During Construction
Typically, interest only payments are required on the amount of money that has been drawn, not the full loan amount.
Your exact payment terms will be clearly explained before closing.
Loan Term and Next Steps After Construction
Construction loans are short-term. Once your home is finished, the loan may:
- Be paid off in full, or
- Refinanced to a permanent mortgage loan
Final approval for permanent financing is required and not guaranteed.
Staying on Budget
You are responsible for keeping construction costs within the approved budget. If costs exceed the budget, additional funds may be required from you, as cost overruns are not automatically covered by the loan.
We have experienced mortgage lenders who will guide you through the construction loan process and answer all your questions. We are just a phone call, email or in-person meeting away.
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L. Jean Tworek
NMLS ##465134
715-879-4888
José Aguilar, JR.
NMLS #465135
715-985-3197
*Annual Percentage Rate (APR) is 4.482% based on a loan amount of $400,000 with a 20% downpayment. Payments are interest-only for 9 months, estimated at $1,188.33 per month when fully advanced. This does not include taxes and/or insurance premiums, and if applicable, the actual payment obligation will be greater. All loans are subject to credit approval based on underwriting factors such as credit score, income and employment history, property value, and other factors. Advertised rate accurate as of 02/05/2026 and is subject to change at any time without notice. Credit is Subject to Approval.
