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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?

“My relationship with Great Midwest Bank has been so good that I have also referred a lot of my family members and relatives to them”

Pete Stefaniak, The Stefaniak Group

Great Midwest Bank