One loan does it all.
From pouring the foundation to the big payoff, an STCU construction loan brings your visions to life.
Lock your rate before you build. When move-in day comes, your loan will automatically convert to a conventional mortgage with the same great rate you had from the start — with no additional fees or paperwork!
- Pay as little as 10 percent down. If you already own your own land, you can use the value of the land as equity to cover your down payment.
- Choose from fixed- and adjustable-rate options.
- Make interest-only loan payments during construction.
- Available for primary residence or vacation property, building from scratch or buying a manufactured home.
STCU is a local, full-service financial institution you can trust with something as important as your home. Contact the STCU Home Loan team at (800) 858-3750. We'll help you turn your dreams into reality.
*Application deposit: No deposit is necessary to get preapproved for an STCU loan until you have selected a property. A $250 application deposit is required on all home loans three business days after you have identified a home to buy and been issued a loan estimate. Although $100 of your deposit will be nonrefundable, STCU applies your deposit to your loan charges due at closing.