Construction Loans
Receive high credit limits, low rates, no fees and more.
You pick the floor plan. We'll handle the finances.
Building a home from the ground up is the best way to make sure you'll get the living space you want. Coming to Abound is the best way to make sure you get the right financing for your dream home. We have relationships with many locally established builders. This can help!
Financing as solid as a cement foundation
Lower interest rates mean lower payments, leading to more money for special finishes that make your new home stand out.
Flexible underwriting guidelines mean your down payment requirement is typically lower than other lenders.
With one closing, you can wrap up your construction and Home Loan at one time, avoiding two sets of closing costs that you may encounter with other lenders.
Bring us the blueprints. We'll nail down the details.
From choosing a contractor to picking a floor plan, there are a lot of moving parts involved in building your own home. At Abound Credit Union, we have plenty of experience with this process. Our lending team can put you at ease by guiding your through the details of new construction financing in Kentucky or Indiana.
- Borrow up to 95% of your future home's appraised value1
- Instead of cash, you can use your land equity as your down payment
- You pay interest-only payments during the construction phase
Abound Credit Union is a full-service financial institution with locations throughout central and southern Kentucky.
Give your blueprints the green light.
Your card comes with high credit limits, low rates, no fees, free travel insurance and more.
Have Questions?
We help you find answers.
1Rates and terms are subject to credit review. Everyone may not be approved for 95% financing.