Construction Mortgage

Central Minnesota's Mortgage Leader

A construction to permanent loan is a single-closing transaction used for construction or remodeling of your home or other structures. Money is advanced as needed; therefore, interest is only paid on the amount advanced. Learn more about this loan by talking to your local CMCU mortgage loan officer today.

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Frequently Asked Questions (FAQ)

How does a construction loan work?
A construction loan usually last about a year and combines your lot and construction financing into one loan. When construction is complete, we modify it into a permanent mortgage.
What properties are eligible for construction?
What is the construction mortgage process?
How do we access the funds?
What do I need to bring to closing?
Payments and interest
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