Construction loans are short-term, interest-only loans that are typically designed to be replaced by a regular mortgage once the home is built. Let Coulee Bank help you build the home of your dreams.
*Offer expires 8/31/19 and is subject to change. Rate of 1.75% valid for 12 months on all applications of $200,000 or more. See us for rates on other loan amounts. Corresponding Annual Percentage Rate (APR) of 3.373% based on a minimum of $200,000. Loan requires 12 monthly interest payments ranging from $0-$500 depending on the amount advanced, with a balloon amount due at maturity. Payment amount does not include taxes or insurance. After 12 months, the loan must be either: 1) renewed at the construction loan rate available at that time; or 2) converted to permanent financing. Offer limited to construction of primary residences only. All loans subject to credit approval. Other restrictions may apply. Equal Housing Lender. Member FDIC.