Building a HomeGet Preapproved
Dreaming of a New Home? Build It.
Customize your next home to meet your specific wants and needs by building instead of buying.
Our experienced home loan experts have helped countless families create the home of their dreams—and no matter where you're starting from, they're ready to make building yours simple and stress-free.
Best Ways to Get Started
1Know How Much You Can Afford
2Research Loan Options
Explore Loan Options
You can finance your entire homebuilding process through UW Credit Union. Buy your land with a lot loan, fund the building with a construction loan and transition into a traditional mortgage.
How the Home Building Process Works
No matter where you’re at in the process, we’ll make your next steps simple and stress-free.
Step 1: Get Your Lot
To start, you’ll need to own a lot or have identified a lot on which you want to build.
Want to build your home right away? You can bundle the purchase of your lot into a construction loan.
Don’t plan on building right away? If you plan on financing the purchase of a lot, you’ll need to do it with a lot loan.
Step 2: Get Your Blueprints
Once you’ve selected a location to build your new home and plans to purchase it, you can begin the process of finding a builder and designing your home. Once you have finalized plans, move on to the next step!
Step 3: Apply for a Construction Loan
With your lot plans and home designs in hand, it’s time to apply for a construction loan. During this step, your plans will be appraised to determine the value of the construction project. >> Apply Now
Step 4: Build Your Dream Home
After you’ve been approved for your construction loan, the fun begins! Building will start, and we’ll set up a draw schedule to pay for work completed on your home.
Typically, your loan will be drawn from four to six times, with an inspection occurring after each draw. Once your home is complete, it’ll be inspected and/or appraised once more.
Step 5: Transition to a Permanent Mortgage
After your home’s complete, we’ll refinance your construction loan into a mortgage.
Frequently Asked Questions
Get in Touch
We want you to feel at home with your home loan. That's why our local experts are always ready to answer your questions, understand your goals and help you take a smart step forward.