New Construction (RD)

Build your own dream home with zero down payment!

All it takes is one application, one closing and one loan. The construction-to-permanent loan combines the features of a construction loan with the benefits of a traditional long term mortgage. We achieve this with a single loan closing before construction begins. This program enables you to focus on the design and construction of your home without worrying about another loan qualification, a new appraisal and dual fees associated with a second loan, saving you time and money!


  • Single Family detached, primary resident. Stick built and modular construction (no manufactured homes currently)
  • 3 months reserves required
  • Maximum 6% sellers concesions
  • No Down Payment Option
  • Construction loan is made directly to you
  • Construction begins as soon as the loan closes
  • Nine-month construction period
  • Income limits apply; rural area designations
  • The fixed interest rate at closing can never increase



There are some builder requirements for this loan. The builder must have two or more years of experience building and constructing all aspects of single family dwellings similar to the type of project being proposed.

To learn more about this specific program, contact us today!