Construction Loans

TFCU can help you go from lot, to construction, to mortgage … all with the people you know and trust.

Building your dream home is a special experience and one we want to make as uncomplicated as possible. Our construction loan program bridges the gap between a lot loan and a long-term home loan.

Property Requirements

  • Lots must be located in a platted subdivision with paved access to the subject lot
  • Lot size cannot exceed 10 acres
  • Primary and secondary residences only
  • Lot cannot be located in a flood zone

Contact Mortgage Lending at (405) 732-0324, ext. 4448, for more information.

Rates effective January 1, 2020 – Until Further Notice

Fixed Rate:
Term Rate Points
9 Months 5.25% .50-1.00%

A loan fee equal to .50% to 1% of the commitment amount will be charged on each loan, depending upon location of the property. TFCU will file title-insured first real estate mortgages on the home to be constructed. We will require appraisals from plans and specifications, and will limit these loans to no more than the lesser of 80% of the “as completed” market value of the home or 90% of cost.