What is the advantage of a Member 1st Construction Loan?

Our construction program offers you maximum flexibility without incurring additional fees and charges. Because our Construction program is a "one-time-close, construction-to-permanent" loan, borrowers are only required to go through one approval process, one closing, and pay one set of closing costs. Our Construction program also can accommodate changes to your building project and provide you with great permanent financing options. Your payments during the construction process are interest only on the loan balance drawn, keeping expenses low during your construction.