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.

Take Loan Quiz

Start building toward your dream home today

Apply Now Talk with a Loan Officer

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.

Shop Home Construction Loans

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.

Are You a First-Time Homebuyer?

Your first home can be more affordable and less daunting to build with our no-money-down payment option loans and step-by-step assistance along the way.

Get a No-Money-Down Loan

Building Something Unique?

Unique Homes

Specialized construction loans for barndominiums, log cabins, manufactured and shed homes.

Shop Unique Home Loans

Home Site Loans

Secure land or a lot now and build later.

Shop Home Site Loans

Small/Hobby Farms

Non-conforming construction loans for small-scale agricultural properties.

Shop Small Farm Loans

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.

The Pros and Cons of DIY

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.

View More Home Construction Guides