Construction Loans

Let's build it together

Talk to us about flexible financing options for your future home.

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Building a New Home

Many people dream about building a new home to their exact specifications. If you've been thinking about building a new home, it could be one of the most exciting and rewarding projects you'll ever undertake. If you're currently a homeowner, an alternative to a construction loan is to use the equity in your home to finance building a house. We offer a number of construction loans designed to help you finance the building of your new home. For information on construction loans, including the benefits of closing before construction begins, talk with a mortgage loan originator.

Find a Builder

Once you settle on using your home equity or getting a home construction loan to build a new home, there are several ways to find a quality home builder in your area:

Check Credentials Before Hiring

Hiring a builder is like hiring any other type of professional - you may want to work with someone who is highly qualified. Consider the following when interviewing builders for your project:

  • Proven experience in building the type of residence you want.
  • Meets state licensure and insurance requirements.
  • A solid reputation in the community, including a good rating with the Better Business Bureau and excellent references from past clients, suppliers and local banks.
  • Recipient of industry awards and involvement in professional associations.
  • A permanent business address.
  • Contact the state or county to verify there is no history of legal proceedings against the company and that no legal proceedings are pending.

Get Started

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Find out how much you may be able to spend on your next home.


Equal Housing Lender

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice.

The rates shown above are the current rates for the purchase of a single-family primary residence based on a 60-day lock period. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your guaranteed rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

To guarantee a rate, you must submit an application to U.S. Bank and receive confirmation from a mortgage loan originator that your rate is locked. Application can be made by calling 877.303.1639 or by meeting with a mortgage loan originator.

Minnesota residents: To guarantee a rate, you must receive written confirmation as required by Minnesota Statute 47.2061. This statement of current loan terms and conditions is not an offer to enter into an interest rate or discount point agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of Minnesota Statutes Section 47.206.