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Construction Loan

From Dream to Reality

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With a construction loan from Members First, moving into your New Hampshire dream home can become a reality.

Your new home build will be managed by a team of professionals. An experienced credit union mortgage consultant, the construction administrator, and a general contractor will work closely with you throughout the process.

During the six-month construction phase, you’ll pay interest only. After the construction phase, the loan converts to a fixed principal and interest payment for the remaining term.


Why a Construction Loan at Members First?

  • One application
  • One rate
  • One closing
  • Local servicing
  • Competitive rates

To get started, speak with a friendly mortgage representative at (603) 622-8781.

Fixed rate for the first 6 months during the draw period; interest only payment required. After the construction period, the payment of principal and interest will be amortized for the remaining term. Tax and insurance escrows not available. Payment listed does not include taxes and insurance (if applicable) and actual payments will be greater. No Points No Closing Cost program not available for this product.