Construction Loans in Vermont
Build your Dream Home with a Construction Loan
At 802 Credit Union, we understand that your dream home is more than just bricks and mortar; it’s a reflection of your vision and aspirations. That’s why we’re proud to offer our Construction Loan, designed to help you turn your dreams into reality.
How Our Construction Loan Works
- Pre-Qualification: Get started by pre-qualifying for our construction loan. Our team will assess your eligibility, helping you understand the loan amount you can afford.
- Choose Your Builder: Select a reputable builder to bring your vision to life.
- Submit Documentation: Provide the building plans, cost estimates, and other necessary documentation, to support your loan application.
- Loan Approval: Once approved, we’ll disburse funds to your builder at various stages of construction, so you can progress smoothly through the building process.
- Construction Phase: Throughout the construction phase, we’ll work closely with you and your builder to ensure progress aligns with the disbursal schedule.
- Permanent Mortgage Conversion: Once construction is complete, your loan seamlessly converts to a permanent mortgage, ensuring a smooth transition from construction to homeownership.
Make Your Dream Home a Reality Today!
Embark on your home-building journey with confidence, knowing that 802 Credit Union is by your side. Our Construction Loan offers the financing you need and the support you deserve to build the home you’ve always envisioned.