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A Rural 1st loan officer and a client walking through the site of a new home being constructed.

The Leader in Rural Construction Loans

When preparing for your construction project, start by connecting with the experts in rural living. Our team is here to support you throughout the construction process with helpful guidance and insights.

Get Started

A man and his Rural 1st loan officer talking about building plans in his rural home during its final stages of construction.

Construction Loans

Everything you need to know before, during and after starting rural construction.

Rural construction comes with unique challenges. Because our loan officers are a part of the rural community, they truly understand your needs. Rural 1st offers construction loans to fit your project and keep your future mortgage in mind with a one-time close. We also allow you up to one year to complete your project to accommodate any weather or scheduling delays.

With a Construction Loan You Can…

Get the Full Value of Your Land

We acknowledge the equity in the land, its outbuildings, and any other site improvements towards the down payment on your construction loan. This equity has the potential to lower the amount you’d need to put down.

Choose Your Builder

While other lenders may ask you to work with a builder they prefer, we let you choose your own. We simply ask that your builder meets our requirements to ensure a smooth process.

Why Rural 1st?

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Fixed rate financing

During the construction process, you have the option to lock in your loan with a fixed rate, when you’re ready.§ If a lower rate becomes available, you can convert your loan through our Conversion Program every 12 months for a small conversion fee*.

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Finance your dream home

In addition to financing the construction of conventional-style homes, we also finance barndominium and log home builds, as well as remodel projects.

An icon of a rural home builder with an arrow clicking them.

Manage your build in one place

With our simple digital tool, you can manage draws, disbursements, inspections, and your project’s progression all in one place. You, your contractor, and your Rural 1st team can monitor the project together in real time.

Calculate Your Monthly Mortgage Payment

We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.

Considering a refinance? Check out our refinance calculator.

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Calculate Your Maximum Loan Amount

We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.

Considering a refinance? Check out our refinance calculator.

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You might be eligible for a loan up to

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Customer Testimonials

Our sole focus is helping people achieve their goals of owning rural property. Here’s what they had to say about working with Rural 1st.

“Thank you for giving homebuyers an opportunity to build their own dream homes! This has been the most amazing loan experience for my husband and I.”

Camillia Bohannon

Mount Juliet, TN

“Being an out of state buyer, I expected it to be much more challenging. Emails were responded to quickly, with solid answers. Had no issues with any part of the loan process. Easiest loan process we have ever done.”

William Burkey

Portland, OH

“Management and [the] entire team kept me very informed and use of [the] portal was most important.”

Customer

KY

§Variable to fixed rate conversions available once at least 75% of construction is complete.

*Provided that eligibility requirements are met. Conversion has a one-time fee of $750.00. Terms and Conditions may apply. The fee is subject to change without notice.

Learning Center Resources

Articles

Answering Your Top Rural Home Construction Questions

Read Now
Customer Stories

Pilot Realizes Country Dream

Read Now
Articles

5 Steps to Prepare for Construction Loans

Read Now

Explore Your Options

Get Started

One of our loan officers will contact you to discuss your financial options.

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Start Your Application

Ready to get started on your loan application? You can complete your application online.

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Contact Us

Have questions? You can find what you need on our support page.

Go to Support