Pro-Builder Residential Construction Loans*
MVFCU members who are licensed general contractors, who construct homes for a living, may receive an interim construction loan to build a home for resale. The interim construction loan will most probably be for a pre-sold home. If there is not a buyer under contract for the project the credit union will consider each request on a case-by-case basis.
Supplemental packages are also available for home construction projects that require compliance with FHA (Federal Housing Administration) or VA (Department of Veterans Affairs) construction requirements.
Rates, terms and fees will vary depending on your individual circumstances and project. Consultation with a Construction or Commercial loan officer is recommended.
The application package is in PDF format and can be filled in online and printed, or simply printed and filled in manually (filled in forms online cannot be saved at this time). Once you have completed the packet, call us at (907) 745-9165 or (907) 694-4891, select option 5, x165 during regular business hours to set up an appointment. If you have any questions about the loan application package, call us at the above number, we're here to help you!
*Pro-Builder Residential Construction Loans are currently available in Alaska only.