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Construction Loans

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Construction Loans

Construction Loans

Building your dream home is easy and affordable when you choose Goldenwest for your construction loan.

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Benefits of a Goldenwest Construction Loan

  • Competitive low rates
  • Local underwriting
  • Weekly unlimited draws
  • 48-hour draw turnaround
  • Owner Builder or Contractor Builder

1X Close Float-Down Option

Enjoy peace of mind with our float-down feature, allowing you to take advantage of lower market rates upon receipt of Certificate of Occupancy and Appraisal.

Call us directly at 801-786-8400
  • Contruction Loan Rates*
    As low as
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Call or Click Now - Experienced Mortgage Experts Standing By

Email us

mortgagecc@gwcu.org

Or use this contact form

Call us directly

801-786-8400

Send us a text

385-206-6780

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Choose a Closing Type

1 Time Close Icon

One-Time Close Construction Loan

Why choose our One-Time Close Construction Loan?

Enjoy a single closing with various benefits. Streamline your construction financing with one convenient closing, saving time and reducing costs.

Interest-only payments are made during the construction phase with monthly payment amounts increasing as funds are utilized.

Upon completion of construction, the loan converts to a long-term mortgage and monthly payments begin.

  • Up to 90% financing
  • Construction must be complete within a 12-month period
  • As low as 1% origination fee
  • Fixed Construction Loan rate
  • 7/1 & 5/1 ARM long term mortgage
  • Float-down rate option upon construction completion
2 Time Close Icon

Two-Time Close Construction Loan

Why choose our Two-Time Close Construction Loan?

Our Two-Time Close Construction Loans give you more flexibility and control over your financing throughout the building process.

Two separate loans: Start with a Construction Loan to cover the build. Once your project is complete, the Construction Loan will be rolled into a long-term mortgage with a refinance. This transition gives you the flexibility to choose the best loan terms available and the option to increase your loan amount if needed.

  • Up to 90% financing
  • Up to 12-month term, with extension options
  • As low as .50% Origination Fee
  • Fixed construction loan rate

Start Your Build with Confidence

Whether you're building a custom home, an ADU (Accessory Dwelling Unit), or a unique barndominium, we've got you covered with our flexible construction loan options. Our loans are designed to make your dream project a reality with features that simplify the process and save you money.

Nontraditional Dwelling Type?

Choose the Right Builder

A Builder looking over plans with an excited couple.

Contract Builder

Looking to build your dream home with the use of a qualified licensed general contractor? Goldenwest Credit Union offers financing with competitive interest rates with a low-down payment.

  • Up to 90% financing
  • One-Time Close and Two-Time Close Construction Loan options
A construction worker or home owner working on a ladder inside a roughed in home

Owner Builder

Looking to build your dream home by yourself? Goldenwest Credit Union offers financing with competitive interest rates for borrowers who can demonstrate qualified self-build experience.

  • Up to 85% financing
  • One-Time Close and Two-Time Close Construction Loan options
  • Must provide Owner-Builder Letter detailing building experience
From Lot Loan to New Home Banner
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Ready to Get Started?

Connect with one of our Mortgage Experts to discuss your vision and explore your financing options.

Apply Now