Want to build your own home or have a contractor that you're ready to hire? A construction loan from Wasatch Peaks is just what you need. It's a great way to finance your short-term needs for your long-term mortgage. Chances are, you've probably seen a home being built with the help of Wasatch Peaks.
Check out our current construction loan rates.
Yes, a construction loan can cover land costs along with the labor and materials for the home. The first draw from the loan can pay for the lot.
We cover up to 80% of the estimated appraisal value. There is also a 20% down payment required.