Home Construction Loans

  • Make interest-only payments during the construction period (up to 12 months)
  • Only pay one set of closing costs
  • Loan automatically converts to a long-term conventional mortgage
Apply Now Contact a Loan Officer

Build from the Ground Up

With BHFCU's Home Construction Loans, bring your blueprints and we'll figure out a mortgage tailored to your plans. These loans are available for any new home build. You get a competitive rate and money for the construction phase before the loan transitions into your long-term mortgage. One loan, one closing–saving you thousands of dollars in mortgage-related expenses.

Contact a BHFCU mortgage lender to discuss all your options. 

Black Hills Federal Credit Union provides mortgage solutions that help you buy or build the home of your dreams with the trusted, local support of our South Dakota and Montana lending teams. Find a local lender to begin your homeownership journey.

Meet Our Mortgage Loan Officers

Christy Cline
Mortgage Loan Officer
Johanna Del Soldato
Mortgage Loan Officer
Ryan Kaufman
Mortgage Loan Officer
Joe Prince
Mortgage Loan Officer
Aaron Renville
Mortgage Loan Officer
Amber Zandstra
Mortgage Loan Officer
Make Your Dream Home a Reality
Apply Now

Frequently Asked
Questions

View All FAQs

Funds are advanced incrementally as construction progresses. During the construction period, you make interest-only payments on the amount that has been advanced.

Your construction loan automatically converts to long-term conventional financing, so you can finance the construction and permanent mortgage with one loan.

Yes. Construction financing may be available for qualifying renovations, such as adding a garage or finishing a basement before you move in.

More to Explore

Resources to help you make smart money moves.
5 Reasons You Should Have a Mortgage Consultation
Learn how meeting with a mortgage lender benefits you and makes the loan process easier.
Learn more
Mortgage Calculator
Get an estimated breakdown of what a monthly mortgage payment looks like.
Try it now
Home Affordability Calculator
Estimate how much home you can comfortably afford in minutes.
Try it now
Free Credit Score Monitoring
Keep an eye on your credit score to make sure you can qualify for the best loan rate.
Learn more
Auto & Recreational Vehicle Loans
Financing That Goes the Distance

From daily drives to weekend adventures, our auto and recreational vehicle loans make it easy to get where you’re going.

Pages within: