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Construction Loans

It’s more than building a house. It’s building a home.

Features

Looking to build your dream home?  ECU offers construction loans with low and no down payment options designed to help you achieve your goal.  Our mortgage loan specialists will be right by your side taking care of all the details and keeping you informed along the way.

  • Free consultation with a mortgage specialist
  • One loan, one closing, and one set of closing costs
  • Finance up to 95%
  • Fixed rate construction/permanent loans
  • 5/1 adjustable rate option (construction period interest rate matches initial 5/1 adjustable rate)
  • Up to 12-month construction period (Longer construction periods will be considered based on the size and scope of the home.)

Ready to build your dream home?

Apply for a Construction Loan or contact a Mortgage Officer to answer your questions!

Learn More

ECU Title & Escrow

Complete your home buying or selling experience at an ECU branch.

Mortgage Videos

Have questions about purchasing, building or selling a home? Check out these helpful videos, covering a broad range of mortgage topics.

Find a Realtor

Realtors are knowledgeable in many phases of the home buying and home selling process and can be a valuable resource to you.

FAQs

Where can I find more information?

Remember, it's important to do your research and complete an adequate level of due diligence before choosing a contractor to build your home. The list below offers a few great resources available to assist you in your search.

Better Business Bureau (link)
National Association of Builders (link)
Home Builders Association of Tennessee (link)
Johnson City Area Home Builders Association (link)
Home Builders Association of Greater Kingsport (link)
Tennessee Board for Licensing Contractors (link)
Virginia's Department of Professional and Occupational Regulation (link)
Texas Association of Builders (link)
East Texas Builders Association (link)

Disclaimer:  Eastman Credit Union is providing this information solely for educational purposes as you make the selection of a builder for your home. This information is provided for convenience and reference only, without warranty of any kind, express or implied.  Eastman Credit Union shall have no liability or responsibility for your selection of a builder or any outcome you may have in the building of your home.

What questions should I ask before building a home?

Selecting the right builder is one of the most important decisions you'll make in the construction process. Here are a few questions to ask the builder before deciding who will build your dream home.

  • How long have you been in business and how many homes have you built?
  • Are you licensed and insured, and what type of warranty do you offer?
  • Can I tour a few homes that you built?
  • What are the standard features and benefits of the homes you build?
  • Who will oversee the construction, and who should I contact with any questions I may have?
  • How and when can I make changes or upgrades before and during construction?
  • How and when will the final price for my home be determined?
  • How long will my home take to complete?

Disclaimer:  Eastman Credit Union is providing this information solely for educational purposes as you make the selection of a builder for your home. This information is provided for convenience and reference only, without warranty of any kind, express or implied.  Eastman Credit Union shall have no liability or responsibility for your selection of a builder or any outcome you may have in the building of your home.