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Construction Loans

If you’re considering building a home, look no further than Great Midwest Bank.  Our Construction Loan product offers the following features:

  • Minimal down payment requirement offering flexibility if you want to stay in your current home
  • A “one-time close” feature with permanent financing included
  • Interest-only during construction followed by normal monthly payments upon completion
  • Local loan servicing and flexible underwriting using our own funds

We make the process simple and easy:

  • Begin with a Pre-Approval by contacting one of our experienced Loan Officers.
  • Have an idea of your construction budget and provide details on your prior or prospective land purchase.
  • Review our Construction Loan Application Checklist below and be ready to provide as much of this information as possible.
  • Look for answers to all of our Frequently Asked Questions.

Want to learn more? Click here to check out our construction loan video!

What can we help you with today?

“I have worked with Mary Ann for a number of years. She is the first loan officer that I have worked with exclusively. Mary Ann’s thinking is both strategic and inventive, which makes her a valuable asset in any business setting. She is dedicated to meeting her client’s financial needs and consistently demonstrates her commitment to superior customer services. It’s because of her integrity, dedication and vast industry knowledge that I enthusiastically recommend her.”

Linda Raab, RE/MAX Realty 100

Great Midwest Bank