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Let Our Experienced Loan Officers Help You Break Ground

Use a Great Midwest Bank Home Construction Loan for building your dream home or making major upgrades to your current home.


Home Construction Loan Options

Front view of a new home under construction on a dirt lot.

One-Time Closing Home Construction Loan

We combine your construction loan and permanent mortgage into one loan. You only have one closing and pay just one set of costs. Once your construction is complete you begin to pay a monthly mortgage payment. You may want to consider a refinance into a fixed rate upon completion.

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Lot Financing

Found the ideal spot for your dream home but not ready to build just yet? We offer flexible financing options so you can purchase the lot now. Then when it’s time to start building, we offer great Home Construction Loans. Ask a loan officer for more details on costs and down payment.

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Jumbo Mortgage Loans

If you’re in the market to purchase or refinance a larger, more luxurious home, take advantage of a Great Midwest Bank Jumbo Mortgage Loan. It gives you the opportunity to finance higher loan amounts than the maximum conforming limits for a single-family (primary or second) home.  The conforming limit can change from year-to-year and is set by the FHFA. When a mortgage balance is beyond that amount, it enters the category of a Jumbo Loan.

Like other mortgages, Jumbo Loans come in both adjustable and fixed rates, which are often slightly higher and have different underwriting requirements than their conforming counterpart.

Home Construction Loans with a Helpful Loan Officer by Your Side

Your dream home is waiting. Get started with a Home Construction Loan from your friends at Great Midwest Bank. Our knowledgeable loan officers have the answers to all your questions. Plus they’ll guide you through the process, step by step, from application to completion and beyond.

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Male loan officer at a desk reviewing paperwork with female customer

Home Construction Loan Application Process

We’ll take the time to go over all of your loan options with you and help you decide which Home Construction Loan is best for you. We’ll also ensure you understand what you can expect at every stage of construction.

Answers to Frequently Asked Questions

Link to Common Questions About New Home Construction Loans (Part 2)

Common Questions About New Home Construction Loans (Part 2)

Still have questions about home construction loans? We have even more answers...

Link to Common Questions About New Home Construction Loans (Part 1)

Common Questions About New Home Construction Loans (Part 1)

You've got home construction loan questions, we've got answers! Get the answers...

Link to Guide to Home Construction Loans

Guide to Home Construction Loans

If you've never built a home before, you probably have a lot...