The Benefits of a Credit Union Construction Loan?
At UFirst Credit Union, we offer custom construction loans
so you can find the perfect loan for you and your build. In addition to comprehensive options and loan
customization, we also offer competitive rates, flexible terms, loan amounts up to 95% of the future value
of your home, interest-only payments during construction, and other benefits that can help you stay
We are also proud to work closely with the State
Construction Registry to ensure quality construction management. If you’re ready to find the right
construction loan in Utah, UFirst is here to help. Apply today and we’ll find the perfect loan for your
Apply Today for a construction loan
Loans subject to credit approval. See current rates and terms. Construction
financing will require a minimum down payment of 5%. For example a $100,000 loan approved at 95% of value
would require a down payment of $5,000. The minimum payment for a $95,000 loan with a 4.49%, $355.46 for
the first 12 months during the interest-only period, and then, approximately, $480.79 after the end of
interest-only period. This payment example does not include taxes and insurance. Your actual payment may
be higher. The monthly obligation will be determined by the total loan amount at the time of closing and
the term and interest rate of the loan.