Construction Loan

Construction LoansThey say building a home is one of the more stressful homeowner experiences you can undertake. 'They' must have used someone else to finance it.

Features

  • Draws advanced to the builder, as progress of construction is completed. 
  • Choose from a fixed or adjustable rate loan with competitive rates, at the completion of construction. 
  • Land can be used as equity! It is possible to avoid a down payment entirely.

Rates

Mortgage rates are ever changing, however we do post daily rates in our Mortgage Center!

Click here to view the daily rates!

Hoping for a lower Mortgage rate?

Let us track it for you. Tell us what rate you want, we'll send you an email when we hit it!

Mortgage Rate Tracker

HOME MORTGAGE DISCLOSURE ACT NOTICE

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Web site (www.consumerfinance.gov/hmda).

BORROWER COMPLAINTS AND INQUIRIES

CFCU is registered with the New York State Superintendent of Financial Services. You may file complaints and obtain further information about CFCU by contacting the New York State Department of Financial Services Consumer Assistance Unit at 1-800-342-3736 or at www.dfs.ny.gov.