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MORTGAGE CONSTRUCTION LOANS

Build Your Home With Confidence

From breaking ground to move-in day, our team is here to help guide your construction financing every step of the way.
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Home-Construction

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How it Works

Let's Break it Down

Construction loans work differently than traditional mortgages. We’ll walk you through the process, timelines, and what to expect so you can move forward with clarity and confidence.
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See how much it'll cost

Mortgage Payment Calculator

Construction loans often convert into mortgage loans after the build is finished. Break down the numbers and see what may fit your budget.

Featured / Current Rates

Rates that help spark what’s next. From vehicles and homes to savings and certificates, explore our current featured rates.
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3.04
% APY*
Interest-Earning Account
5.49
% APY*
Auto Loans
6.50
% APY*
30-Year Fixed Mortgage
4.35
% APY*
12 Month Certificate

Why Building Stands Out

Building a home comes with unique steps. Here are a few ways construction financing helps support the process.
Finance As You Build

Construction loans are designed to fund your project in stages as work is completed, helping keep your build moving forward.
A Team To Help

Our mortgage team works closely with you, your builder, and your timeline to help make the process smoother from start to finish.
One Step At A Time

From lot purchases to construction timelines and permanent financing, we’ll help you understand what comes next throughout the process.
Real Experiences

What Members Are Saying

Buying a home is a big moment. Here’s what it’s like working with Embers, from people who’ve been there. 
Hannah

Way to exceed expectations!

It was a great experience. I was told it could take up to 30 days... I closed in two weeks. Hannah and the entire processing team were great and provided updates. I closed with Magan, and she was excellent, too. Way to exceed expectations!

Barbra K.

Magan

Knowledgeable, professional, and genuinely friendly

I cannot speak highly enough about Embers Credit Union. Transferring my consumer loans and HELOC was seamless from start to finish. The staff was knowledgeable, professional, and genuinely friendly. Magan was especially great to work with, always responsive and helpful throughout the process. I would confidently recommend Embers for mortgage services.

Kienan and Kristine E.

CONSTRUCTION FAQs

Questions, Answered

Building a home comes with a lot of questions. Here are a few we hear most so you can move forward with confidence. 
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What is a construction loan?

A construction loan is designed to help finance the building of a new home. Instead of receiving the full loan amount upfront, funds are typically released in stages as construction progresses. Once the home is complete, the loan often converts into a traditional mortgage depending on the financing structure.

Can a construction loan turn into a mortgage?

Yes. Many construction loans can transition into a permanent mortgage after the home is completed. This can help simplify the financing process and reduce the need for multiple closings.

Are construction loan rates higher than mortgage rates?

Construction loan rates can sometimes be slightly higher than traditional mortgage rates because they are short-term loans tied to the building process. Rates and terms can vary based on the project, loan structure, and borrower qualifications.

What costs can be included in a construction loan?

Construction loans may help cover a variety of building-related expenses, including land purchase, labor, materials, permits, contractor costs, and other approved construction expenses. Our team can help walk you through what may qualify for financing.
Ready When You Are

Let's Get You Building

You might be starting with a floor plan or ready to break ground. Either way, our team is here to help you take the next step toward your future home.
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