Construction Loans

At Rural 1st you can go from construction to permanent financing with one simple loan package – refinancing is not required when the project is complete.

We allow the land you’re building on – rather than only the dwelling value – to be used as equity for your down payment so you can maximize the amount of your financing.

Lock in your loan with fixed-rate financing

During the construction process you have the option to lock in your loan with variable to adjustable or fixed-rate financing.*

Choose your own builder

Choosing a contractor is your decision, so we’ll work with your choice. If you have experience and well-documented plans, you can even be your own self-contractor.**

Take up to one year to complete your project

Many lenders require you to finish building within a six-month window. At Rural 1st you can take a full year to complete your project – allowing time for weather and schedule delays.

* Conversion fee of $500 applies.
** Subject to restrictions.
Our skilled lending specialists understand the ins and outs of construction lending — we’re here to help through every phase of your project.