Financing Your Dream Home From the Ground Up
Ready to build your dream home in the country? If so, let us be your guide. Construction projects and home renovations can be overwhelming, but the financing doesn't have to be. Our team understands the needs associated with rural real estate, including non-conforming properties, extra acreage and additional buildings.
- Request our Free Home Construction Guide
Complete the form below to receive construction financing resources, including the Home Construction: 5 Steps to Planning & Financing Your Project guide. These resources will get you up-to-speed on the home construction process and financing your build with Farm Credit. Or, request to talk to a local loan officer today to address all your construction financing questions one-on-one.
California residents, please view our Notice of Collection.
Our construction financing packages offer:
- Construction financing on homes (including stick built, modular or log homes) and additions or renovations to existing residence
- Interest-only construction periods with timely disbursements and inspections
- Favorable fixed, long-term interest rates
- Financing for unique properties with an unconventional heat and water source or outbuildings
- Allowances for owner and self-builds
Construction Loan Products
- Portfolio In-House Construction Loan
- Up to 80% loan-to-value (LTV) based on lessor of the two:
- An as-will-be appraisal of your proposed construction and land value if property already owned
- 80% of purchase price and cost to construct if purchasing land with construction loan - 20% down payment in cash or equity if property already owned
- Monthly interest payments
- Variable rate loan APR
- Timely construction draws and inspections
- Allowances for customer managed builds*
- Additional financing available for barn and farm building construction
- Available for large acreage tracts
- Unique structures such as log homes, modular and nonconventional projects
- Patronage dividend**
* with additional documentation requirements and credit qualifications
** More patronage information can be found HERE- Up to 80% loan-to-value (LTV) based on lessor of the two:
- Portfolio In-House Construction Loan (Refinance)
- Up to 30-year mortgage
- Receive same service from local branch and maintain local relationships
- Continue to receive patronage dividend
Country Living: Should You Buy or Build Your Dream Home?
If you’re considering moving to the country, one of the first and most important decisions you’ll make is whether to buy property with an existing home on it or find the perfect parcel of land to custom build your dream home.
Construction Financing Glossary of Terms
Ready to start building your dream home? Acquiring construction financing and navigating a lengthy build can be a daunting, especially for first-time homebuilders. To ease the process, we compiled a list of commonly used terminology and definitions.
Pro Tips for Selecting the Best Contractor for Your Build
A key decision homebuilders must make in the planning stage of their build is selecting a general contractor. The contractor can make or break a new home build so it is important you select the best contractor for your unique job.
Need clarity on rates & terms for your loan package? We’ve got you covered.
Ready to talk construction financing? Fill out the form and we'll be in touch!