Construction Loans

$0 Down & $0 Payments During Construction

Building your dream home can be easy and affordable when you choose Levo for your construction loan.

No Down Payment**
No Payments During Construction
Terms up to 9 Months
Flexible Origination Fee Options
Quick and Simple Approvals

*Annual Percentage Rate. Rates are subject to change without notice.

**Mortgage loans are subject to credit approval, down payments, and membership eligibility is required. A variety of rates and terms are available. Contact us for current rates. Levo Credit Union is federally insured by NCUA. Equal Housing Opportunity lender. NMLS #441310

home equity construction loans

Have a big renovation and not enough equity for a home equity loan? We've got another option. Consider it a hybrid home equity - construction loan. A Home Equity Construction Loan is a type of loan in which the borrower uses the future equity of his or her home as collateral to complete a remodel, renovation, and/or addition project. The loan amount is determined by a "subject-to" appraisal, meaning the home's value is subject to completion of the project. Essentially, we give you the equity in advance to help you complete the project!

*Membership eligibility required. Contact us for current rates. Approval of credit and appraisal is required before closing the loan to determine its value. A third draw inspection, as well as a final inspection, must be conducted over a 3-month period. Fees cover filing/satisfaction fee, credit reports, flood certification, appraisals, inspections, and title work. Home Equity Construction loans must have a minimum amount of $10,000.00. Some restrictions may apply. Levo Credit Union retains and services the loans. Federally insured by NCUA. Equal Housing Opportunity lender. NMLS #44131.

$0 Down & $0 Payments During Construction

home equity construction loans

We're Ready When You Are

Meet The Team

Tyana Viss

Mortgage Loan Originator

James Nytroe

Mortgage Loan Originator

Nicole Taubert

Mortgage Loan Originator

Dave Kowalczyk

Mortgage Loan Originator

Building Your Dream Home - Testimonial

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