New Construction

If you can't find the home of your dreams. If you need to build it. We can help.

Our Construction Loan Program features:

  • 20% down
  • Flexible draw schedule
  • One mortgage application and closing
  • Interest-only construction loan payments to make building with Visions affordable
  • Land loans for those who have found the right place, but not the right home
  • Same-day approvals when you apply online
  • Not available on 30-year fixed rate mortgages
  • Single family owner occupied only
  • Borrower is not permitted to build their own home

Construction Checklist

Borrowers and co-borrowers must be Visions members, and must make an appointment for a formal application interview with our Mortgage Officer.

When you come in for your interview, please bring these items:

  • Your current paystub
  • One current bank statement
  • Complete set of proposed blueprints
  • Completed "Descriptions of Materials" Form
  • Signed Building Agreement
  • Copy of Building Permit
  • Copy of Deed for proposed Site
  • Draw schedule - provided by your contractor
  • Any additional items required when appointment was made

If you are self-employed:

  • Last two years signed tax returns
  • Year-to-date profit & loss statement

If you have rental income:

  • Last two years signed tax returns

Proof of home owner's insurance is required

Visions will not subordinate or agree to the assignment of any oil/gas/mineral rights lease to a third party.