Construction Loans

Excitement is building!

When choosing to build your dream home, you may need to finance the construction phase. Cobalt Credit Union can finance construction on real estate you already own or are purchasing.  Be prepared with our Application Checklist.

Features & Benefits


• Competitive fixed interest rate
• Tailored loan terms of 12-18 months
• Flexible construction financing amounts dependent upon permanent loan pre-approval limits
• Lot financing is also available. Contact us for more information 


• Monthly interest only payments during construction phase
• Construction loan is locally serviced by experienced and knowledgeable professionals
• Peace of mind with upfront permanent loan pre-approval and True Blue 12 month lock

The property must be the borrower’s primary residence and located
within 100 miles of any Cobalt Credit Union branch. 


Cobalt’s True Blue Price Protection Extended Lock Program
allows you the freedom of watching your new home being built without the worry of watching interest rates!

Our construction lender will guide you through the financing process.

Wendy Walker

NMLS ID: 1569933