Construction Loans
Build your dream home in the country or small-town exactly the way you want, with financing to match and support to help you through the entire process.
Start building toward your dream home today
Home Construction Loans
Experience financing that makes your home build a little less stressful. Our one-time close construction loan simplifies financing for building or renovating your home by combining construction and permanent mortgages into one seamless process.
- Save Time and Money: Close once before construction starts to avoid multiple applications and extra costs. A single closing handles both the construction and permanent mortgage, automatically converting when construction is complete.
- Enjoy Predictable Payments: Lock in your interest rate upfront to protect against rate shifts during construction.
- Pay as You Build: Only pay interest on the funds disbursed during construction, keeping costs manageable.
- Be the General Contractor: Save money by controlling your budget and the construction process when you act as your own general contractor.
What’s in Your Budget?
After construction, your loan will transition to a regular home mortgage. Enter your details and get an estimate of your monthly payment.
Estimated Monthly Payment
The total monthly principal and interest costs, plus taxes, insurance and additional payments, if applicable.$0
Total life of loan cost
The total amount borrowed plus total interest costs.$0
-
$0
Total Principal
-
$0
Total Interest
The Compeer Home calculator is provided for purposes of estimation only and the results are subject to individual circumstances, including timing, loan limits, and eligibility requirements, and are not a commitment to lend. Down payment requirements may apply. This calculator assumes a fixed Annual Percentage Rate (APR) and estimates taxes, insurance and additional principal payments that are entered manually. The information provided is illustrative and should not be taken as financial, tax, or legal advice. Consult a Compeer Home Loan Officer for specific guidance regarding your qualification for a loan. Compeer Home does not guarantee the accuracy or completeness of the information obtained through this calculator, and all loans are subject to credit approval.
If you Refinance Today...
You could pay/save an extra
$0
per month on your mortgage payments
You could pay/save
$0
over the lifetime of your loan
The Compeer Home calculator is provided for purposes of estimation only and the results are subject to individual circumstances, including timing, loan limits, and eligibility requirements, and are not a commitment to lend. Down payment requirements may apply. This calculator assumes a fixed Annual Percentage Rate (APR) and estimates taxes, insurance and additional principal payments that are entered manually. The information provided is illustrative and should not be taken as financial, tax, or legal advice. Consult a Compeer Home Loan Officer for specific guidance regarding your qualification for a loan. Compeer Home does not guarantee the accuracy or completeness of the information obtained through this calculator, and all loans are subject to credit approval.
Estimated Monthly Payment
The total monthly principal and interest costs, plus taxes, insurance and additional payments, if applicable.$0
Total Life of Loan Cost
The total amount borrowed plus total interest costs.$0
-
$0
Total Principal
-
$0
Total Interest
The Compeer Home calculator is provided for purposes of estimation only and the results are subject to individual circumstances, including timing, loan limits, and eligibility requirements, and are not a commitment to lend. Down payment requirements may apply. This calculator assumes a fixed Annual Percentage Rate (APR) and estimates taxes, insurance and additional principal payments that are entered manually. The information provided is illustrative and should not be taken as financial, tax, or legal advice. Consult a Compeer Home Loan Officer for specific guidance regarding your qualification for a loan. Compeer Home does not guarantee the accuracy or completeness of the information obtained through this calculator, and all loans are subject to credit approval.
Building Something Unique?
Unique Homes
Specialized construction loans for barndominiums, log cabins, manufactured and shed homes.
Small/Hobby Farms
Non-conforming construction loans for small-scale agricultural properties.
Want to be Your Own Contractor?
Not all lenders allow clients to serve as their own general contractor, but at Compeer Home, we do. It’s part of our commitment to championing the rural hopes and dreams of our members.
How We Help You Build Your Dream Home
-
Rural Know-How
With deep experience in rural property financing, we understand the unique challenges of building in the country and know how to navigate every detail, from permits to site preparation. -
Midwest Mindset
Serving 144 counties across Minnesota, Wisconsin and Illinois, we provide construction loans tailored to the unique needs of building in rural and small-town communities. -
For Us, It’s Personal
We're your neighbors. We've grown up in small towns, raised families here and are still rooted in these communities. Helping you build your dream home is personal for us. -
Building Together
As a cooperative, we reinvest in you. For us, it's about more than funding your construction project - it's about creating a stronger, more vibrant future for rural America, one home at a time.
Build the Home You’ve Always Imagined
Turning a vision into a home is a big job, but you don’t have to do it alone. Take on your construction journey with confidence, guided by helpful resources from Compeer Home.
-
Home Construction Financing Workshop
Watch On-Demand -
Financing a Fixer Upper
Learn How
Take the Next Step
Contact Us
Questions? We’re ready to help you achieve your dream of owning rural property, just like we have for over 13,000 families since 1995.
