Home Construction & Land Loans
Our home construction and land loans offer you the flexibility to build your dream home from scratch… the way you want! Whether you’re looking to purchase land and build in the future, you’re ready to build your dream home now, or you’re looking for an affordable manufactured construction loan option, we have the loan to fit your needs.
Apply Now Rates & TermsHome Construction Mortgage
A Home Construction Mortgage can help you get started building the home of your dreams.
- One-time closing guarantee. Our single-close program means you can save money and lock in a rate earlier
- Construction period up to 12-month term
- Interest rate reduction and interest-only payments during construction period
- Minimal documentation at time of conversion
- Maximum loan amount of $806,500
- Loan can also be used for major structural remodeling
Manufactured Home Construction Loan
An affordable way to build a home! Purchase land and build a manufactured home with a low $2,000 origination fee and interest-only payments during construction.
- Minimum 5% down payment of the “as completed value”
- Maximum 6-month construction period, interest only payments
- Converts to 30-year final loan once construction is complete – no refinance required
- Primary and secondary residence allowed
- Origination fee $2000, plus applicable 3rd party fees
- Maximum loan amount of $500,000
- Minimum representative credit score of 680
- Loan funds can be used for the costs of the manufactured home, land or construction (transportation cost, site preparation, utilities, site improvements, home install at site)
Land Loan
A land loan is a type of loan that allows you to purchase undeveloped land or property for building purposes.
Why would you get a land loan instead of a construction loan? If you want to buy land and start building right away, you’ll want a construction loan. If you want to buy land but intend to build on it in a year or more, you’ll want a land loan.
- Maximum loan amount of $250,000
- Available for purchase or refinance
- Maximum 10 acres
- Raw or improved residential-zoned land allowed
- Minimum down payment of 25% of the purchase price
- 5-year maximum maturity with payments amortized over 20-years for lower monthly payment
More Home Loan Options
Home Equity
Bridge Loan
Home Loan Solutions
Speak to a Mortgage Loan Consultant
Ready to get started? Apply online or contact Michael, available by appointment at any branch.
Michael Bradshaw
Mortgage Sales Manager | NMLS #192893
503.258.2618 | Toll Free 800.444.5858, ext. 2618
[email protected]
See what Michael’s members are saying about him online.
Read Glowing Reviews From Happy Homeowners!
★★★★★
“We have worked with Michael on several loans. Mostly Construction loans for our customer we built for. Recently we finance our new personal home with PNWFCU and worked directly with Michael. Communication was great and the loan closed as expected on time and at the cost he quoted. If you’re shopping loans don’t pass up a call to Michael and PNWFCU.”
— Douglas R.
★★★★★
“Michael was absolutely great! He was able to help us gather the necessary documentation for our loan quickly so we were able to close in less than 39 days! That is no small feat. He is organized, knowledgeable and calming. He was on task and matter of fact so that everything was completed as needed. Actually, before needed. I would use him again and again. We will be transferring our finances to PNWCU we are so satisfied with Michael and everyone we dealt with.”
— Mark S.
★★★★★
“Mr. Bradshaw came highly recommended, and did not disappoint. He quickly scheduled an appointment, was warm and engaging in person, and remained responsive during the HELOC application process. Five stars!”
— Shane
Quicklinks Title
Sub Headline
Refer a Friend
Win $250!
Quicklinks Title
Sub Headline
Money Management
Try Our Budgeting Tool
