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Construction Loans

Deciding to build your dream home is a big decision. That's just the first of many decisions you're about to make. While you're figuring out the tile, brick, paint, cabinets and everything else including the kitchen sink, let us handle the financing.

Apply for your Construction Loan
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Deciding to build your dream home is a big decision. That's just the first of many decisions you're about to make. While you're figuring out the tile, brick, paint, cabinets and everything else including the kitchen sink, let us handle the financing. Apply for your Construction Loan

You have questions and we have answers.

As you're building your new home it's important to work with people you can trust. We've been taking care of Oklahoman's since 1954. We'll be there from the day you break ground to the day you make your last payment.

Experience a better way to build your home

  • Construction to Permanent Loans are quick and easy
  • Periodic progress inspections made by professionals throughout construction
  • Work with the same team from application to final payment
  • No phone trees, just humans answering the phone
  • Local servicing means getting help you need when you need it

Call and talk to a Construction Loan Expert today at 405.606.1055

Not sure where to begin? We've broken down the steps in to something that's easy to review. The following steps are a general guideline of how the construction loan process works. Keep in mind, your situation is going to vary. Factors that affect your construction loan include if you already own the land and how soon you'd like to begin construction.

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Some quick tips to consider when building your new home.

  • Ask questions, you should understand the process
  • Plan for unexpected expenses
  • Wait to purchase a new car or open credit cards until after closing
  • Contact us if your constructions plans change dramatically after your pre-approval

Call and talk to a Construction Loan Expert today at 405.606.1055

What kind of documents will I need to provide?

  • House Plans
  • Cost Breakdown/Budget
  • Contract with Builder
  • Deed to property
  • Current pay stubs to include the last 30 days
  • Current bank statements to include 30 days
  • Last 2 years of W-2s
  • Signed copies of your last 2 years of Federal tax returns with all schedules

This list is not comprehensive and can grow quickly depending on your situation.

Call and talk to a Construction Loan Expert today at 405.606.1055

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Happy To Help Stories

Why do our members love being part of OKCU? Find out below.

  • Dennis F

    OECU has helped me keep everything going smoothly with my mortgage. OECU just makes my life easier.

    – Dennis F.

  • Brandi D

    Melisa was especially helpful with my home loan, always answering my questions so I can understand it. My concerns are her concerns.

    – Brandi D.

  • Michael L

    I completed my mortgage refinancing paperwork online, didn't even have to leave my computer.

    – Michael L.

  • Brendan B

    Refinance my house with OECU has been a breeze and I have a local contact whenever I need anything.

    – Brendan B.

  • Andrew C

    OECU offered the best interest rates when we refinanced our house! We were able to cut our interest rate and term on our loan in half without even coming into the office!

    – Andrew C.

  • Abraham V

    My loan officer extended all possible assistance to obtain a home equity loan. His knowledge and professionalism made the whole process simple and easy.

    – Abraham V.