Construction Loans

Construction Loans

Whether you’re building something new or expanding on an existing property, MMCCU is here to help you through the construction loan process. Below are some tips to get you started, and as always, feel free to reach out to our team for more information!

1. Tip #1: Choose Local! At MMCCU, one person takes your loan from start to finish. This means less confusion and a more streamlined process. Additionally, when you choose local, you’re choosing someone that understands the industry where you plan to build.
2. Tip #2: Know your budget! MMCCU will work with you to determine your current income and planned monthly payments and staff can tailor a monthly payment that will fit your budget.
3. Tip #3: Be prepared with documents (see checklist below).

Construction Loan Checklist (what to bring with you):

1. Proof of identity.
2. Proof of income.
3. Proof of residence.
4. Proof of insurance.
5. Proof of down payment.
6. Bids, Estimates, and Blueprints (if available)

If you’re adding onto the house or building a whole new structure, MMCCU is here to help make the construction loan process as easy as possible.

Contact our friendly team to learn more!