Download the Construction Loan Guide
Get our construction loan overview including builder questionnaire, loan guide, and origination overview. Download NowLoan Features
Enjoy the advantages of a Members 1st construction loan.Single Closing Costs
One set of closing costs where interest rates are locked before construction.
Interest Only Payment
Make interest only payments on the loan balance drawn during construction.
Construction Changes
Plan changes during construction can be accommodated and financed.
HOW IT WORKS
Our construction financing program features a 12-month term to build the home, with 4 draws throughout the process. Upon maturity, the balance of the construction loan will need to be refinanced into a 15, 20, or 30 year fixed-rate mortgage.

Members 1st Credit Union has partnered with Members First Mortgages (MFM), a Credit Union-owned mortgage lender. Through our partnership, we can offer our members a variety of home loan options to fit their unique financial needs and goals such as:
- Conventional fixed and adjustable rate programs up to 30 years
- Government loan programs like FHA, Rural Development and VA (Veterans)
- Construction financing
- Jumbo loans and more!
You will work with a licensed and knowledgeable Mortgage Consultant at all stages of the process to help you navigate the mortgage process. Ready to get started? Contact us today at (530) 222-6060 x516.