Construction Loans
Build it right, with financing from people who know Michigan.
How does a construction loan work? A construction loan funds your home in stages (draws) as the build progresses, then transitions to a permanent mortgage when the home is complete. NCACU offers local construction lending with hands-on guidance through every draw.
What you get
- Financing for new home construction
- Funds released in draws as work is completed
- Smooth transition to permanent financing
- Local lenders who know area builders and contractors
- Equal Housing Opportunity lender
Frequently Asked Questions
It helps to have a builder and plans, but we're glad to talk through the process before you finalize everything.
Yes. Construction loans are designed to transition into permanent financing once your home is complete.
Ready to become a member?
Opening an account online takes about ten minutes. Membership is open to anyone who lives, works, worships, or attends school in our Michigan communities.