Building your own home can have many rewards, but it comes with its own set of financial challenges.  Contractors, materials, inspections, and more... at each phase of construction there are new expenses to pay.

Marshall Community Credit Union proudly offers two types of construction loans to better fit your needs.

5 year Balloon Option which includes:

• 20% down payment
• Payments begin with principal and interest payments
• Low closing costs
• Earning interest on the construction funds being held and more....  

Two Phase Option which includes:

• 20% down payment
• Competitive interest rates and closing costs
• Flexible draw schedule
• Lower payments during construction and more....

Phase One - Construction

• 12 month construction period
• interest only payments on the amount disbursed each month

Phase Two - End

• Fixed or Balloon Mortgage
• Maximum 30 year amortization
• Escrow available for taxes and insurance

 

Take advantage of an affordable construction loan from MCCU.  Go from the ground-breaking to the house-warming with a loan that takes the hassle out of financing the construction of your dream home.  So before you look at the blueprints, contact MCCU at (269) 781-9885 or apply online.