Construction Loan. Build it from scratch.

With our Construction Loan, you can finance the full building costs and the land, too. From start to finish, we’ll work with you and the licensed builder of your choice.

Blessing, Affinity Plus Member
Blessing, Affinity Plus Member

What You Get

90% Financing

Get started with 10% down, and finance up to 90% loan-to-value (LTV) of acquisition cost within the conforming limit of $766,550.

Construction-to-Permanent Financing

Make interest-only payments at a low, fixed rate while your home is being built.

Streamlined refinance at closing gets you into a conventional loan when construction is complete.

Payment Efficiency

Most draw approvals are made in 72 hours or less. Because we want to keep your construction on schedule, too.

Affinity Plus Servicing

Local Affinity Plus staff will work directly with the licensed builder of your choice and all parties, on your behalf, during construction.

And we’ll be your servicing partner over the entire repayment period of the loan.


Homes being built must meet the following requirements:

  • Single-family property and a primary residence
  • Are being built using a third-party licensed General Contractor
  • Be completed within 12 months of the construction note signing

Getting Started Is Easy

Get Started

Apply online to start the approval process. A mortgage loan officer will reach out to complete the application process.

Returning Applicants

Return to an application you've already started, securely upload documents, and check the status of your application.

We're here to help.

You can connect with a mortgage loan expert for questions you have about our home loans.

Documents Needed To Get Started

We'll need these for final loan approval:

  • Final construction plans and specifications needed to obtain an appraisal
  • Purchase agreement for the land (if purchasing land)
  • Sworn Construction Statement
  • Scope of work
  • From your builder – Copy of builder's license and proof of Licensed General Contractor

We'll work with you and your builder to collect the documentation we require to approve a construction loan. And we'll work with your builder to get copies of construction permits.

Paul, an Affinity Plus member, on an orange background
Paul, Minnesota Resident


Closing costs will apply. Homeowner's insurance is required on the property securing the loan. New or existing Affinity Plus membership is required. All loans are subject to approval.