Build the home of your dreams
If you want it done right, do it yourself! Get affordable financing with a construction loan.
Multiple uses
Build new or remodel— we'll be with you through the process.
One-time close
Save time and money as you build, with one set of closing costs.
Self-builds
Build it yourself or hire a construction company— it's up to you!
12-month construction
You have more time to build, with a 12-month construction period.1
Locked rate
You'll have the added security of locking your rate.2
Expert local support
From origination through the life of your loan, we provide a high-success, low-stress experience.
Calculate your monthly payment3
Monthly Payment
Trust is a top reason members choose Members Mortgage.
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1
Complete an application
Apply online, by phone, in person, or through video banking.
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2
Get approved or pre-qualified
We'll let you know if you're approved or pre-qualified for a loan.
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3
Build your home
Use the funds to finance the construction or remodel of your home.
Have questions? We're here to help!
Your dreams, built from the ground up
Dream big and create your perfect home with a construction loan.
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1 Loan can be modified to permanent financing at any time, once construction is complete and subject to the credit union’s requirements. A final inspection and a modification agreement are required to modify the loan to permanent financing.
2 Rate locks require the execution of a rate lock agreement and are subject to the terms therein.
3 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.
Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.
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