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Construction Lending

Get a custom-built loan for your one-of-a-kind home.


From foundation to roof shingles, we've got you covered.

You have a floor plan in mind. You know exactly what features you want in every room. And you have a contractor ready to make it all happen. We can provide timely financing that helps make dream homes come true.

  • For construction of single-family, owner-occupied homes.
  • Short-term loan that covers building materials and labor.
  • Affordable rates and low closing costs.
  • Access to local loan professionals who can help you navigate all phases of the building process.
  • Easy transition to permanent mortgage.
Whether your contracting company is building one exceptional home or an entire subdivision, we can provide affordable financing for your project.

  • Financing for spec and custom pre-sold homes.
  • One-year maturity
  • Variable interest rate
  • Loan-to-value depends on whether the home is spec or pre-sold
Perfect location. Great yard. Incredible view. Whatever the attraction, you've found the perfect piece of property for your next home. Purchase it with our affordable financing.

  • Purchase a lot now and build later.
  • For financing new construction of owner-occupied residence.
  • Should be improved lots within the city limits with utilities.
  • If rural, the land must meet county requirements for a legal building site and have water available or a well.
  • Purpose of land must be for financing new construction of owner occupied residence.
  • Affordable fixed rates
  • Maximum loan-to-value 75%
  • Maximum term 15 years
Two loans work together to provide you with the nicest place possible. Finance your home purchase while also acquiring funding for repairs, alterations, or additions.

  • Consists of two separate loans - construction and long-term financing.
  • For single-family homes to be used as primary residence.
  • Maximum loan term of 30 years
  • Maximum loan-to-value 95%
Launch or expand a business while eliminating your commute. This loan allows borrowers to purchase land and build a shop, office, or retail location that includes living quarters.

  • Living quarters must be a primary residence.
  • Should be improved lots within the city limits with utilities.
  • If rural, the land must meet county requirements for a legal building site and have water available or a well.
  • Shop with living quarters must meet local building authority approval for occupancy.
  • Maximum loan term of 20 years
  • Maximum loan-to-value 80%
Enjoy the convenience of working and living at the same address. When you find the perfect home/business location, come to us for affordable financing.

  • Living quarters should serve as a primary residence.
  • Shop with living quarters must meet local building authority approval for occupancy.
  • Maximum loan term of 20 years
  • Maximum loan-to-value 80%

Contact Us

Ready to talk with one of our mortgage professionals? Start out by making a telephone or in person appointment with our mortgage services to get you moving in the right direction.

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p1fcu points

Consider it our little "Thank you".

It’s easy! We give you points for simply using your P1FCU Debit Card for everyday purchases. Then, you can redeem your points and receive great gifts from us!