New Construction

Can't find the home of your dreams? How about building it?

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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
  • 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


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

Builder must be approved by Visions.

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.

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