Build Your Dream Home With Affordable Financing
Construct a new home from the ground up with a construction loan or renovate your current home with a construction rehab loan.
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Construction & Construction Rehab Loans |
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What to expect through out the process:
After your land has been secured and you’ve confirmed your building plans, you are ready to apply for a construction loan. Once you apply, we’ll have your new home’s contract specifications and floor plans appraised and qualify you for the loan. During construction, interest only payments apply.
A draw schedule and cost breakdown are established: The draw schedule consists of 5 draws throughout the building process. The timing of the draws is determined by the completion of the work and is tracked through the cost breakdown.
- The building process begins on your home: Each time the builder requests a draw, your home will be inspected for progress.
- The building process is finished: After the builder has completed your home (or renovations), we’ll schedule an appraisal completion or final inspection
- Refinance to a standard mortgage: As your home nears completion and the 12-month interest only period comes to an end. You’ll apply for a new loan based on current market rates.
What information do I need to apply for the construction loan? |
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To start, you will complete a loan application and a credit check. In addition, provide the following documentation:
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Meet Our Mortgage Lenders
Melissa Kolbeck
Mortgage Operations Manager
NMLS: 1228020
Division: Mortgage Lending
Locations: Wisconsin Rapids, Nekoosa
Phone: (715) 422-1806
Jeff Whitrock
Executive Vice President Retail Lending
NMLS: 2553107
Division: Mortgage Lending
Locations: Wisconsin Rapids, Nekoosa
Phone: (715) 422-1814
Korbi Feltz
Mortgage Lending Specialist
NMLS: 452680
Division: Mortgage Lending
Location: Plover
Phone: (715) 204-1663
