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!