Are you ready to build the home you’ve always dreamed of? At People Driven Credit Union (PDCU), we understand that constructing a new home is an exciting yet complex journey. That’s why we offer construction mortgage loans designed to make your home-building process as smooth and stress-free as possible.
Why Choose a PDCU Construction Mortgage Loan?
Building a home from the ground up requires a financial partner you can trust. Here’s why PDCU’s construction mortgage loans are the perfect choice for your new home project:
Competitive Rates: Our competitive interest rates help keep your construction costs manageable, ensuring you get the most value for your investment.
Flexible Terms: PDCU offers flexible loan terms tailored to fit your budget and timeline, making it easy to turn your dream home into a reality without financial strain.
One-Time Close: Our one-time-close construction loan simplifies your financing. You only have to go through the closing process once, saving you time, money, and stress.
Interest-Only Payments During Construction: During the construction phase, you’ll make interest-only payments, which will allow you to manage your finances more effectively until your home is complete.
Expert Guidance: Our experienced mortgage specialists are here to guide you through every step of the process. From pre-approval to finalizing your loan, we provide the expert support you need.
Local Decision-Making: Enjoy the benefits of local decision-making and personalized service. At PDCU, you’re not just a number; you’re a valued member of our community.
How Our Construction Mortgage Loan Works
- Pre-Approval: Begin your journey by getting pre-approved for your construction mortgage loan. This step helps you understand your budget and demonstrates to builders that you are a serious buyer.
- Choose Your Builder: Select a reputable builder for your project. We work with a wide range of builders and can help you find one that meets your needs and expectations.
- One-Time Close: Our one-time close process combines your construction loan and permanent mortgage into a single loan, saving you from having to requalify and pay additional closing costs.
- Build Your Home: During construction, you’ll make interest-only payments. We’ll disburse funds to your builder at key stages, ensuring everything stays on track and on budget.
- Move In: Once construction is complete, your loan will convert to a permanent mortgage, and you’ll start making regular monthly payments on your beautiful new home.
Get Started Today
At People Driven Credit Union, we’re committed to helping you build the home of your dreams. Our construction mortgage loans are designed to provide the financial support and flexibility you need during the building process. Apply online or visit one of our branches to speak with a mortgage specialist today.
Ready to get started? Apply for your construction mortgage loan now, or contact us to learn how we can help make your dream home a reality.
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Building Dreams, One Home at a Time – that’s the People Driven Credit Union promise.
Disclosures
*Construction financing is available to all borrowers on a conventional product construction loan with People Driven Credit Union. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan.
People Driven Credit Union: 24333 Lahser Road, Southfield, MI 48033; Phone: (248) 263-4111; NMLS ID# 776727. Equal Housing Opportunity. For licensing information, please visit www.nmlsconsumeraccess.org.
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Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Program availability is subject to change without notice. |
Available to all members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Member First Mortgage, LLC (MFM) is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.
SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.
All other trademarks are the property of their respective owners.
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People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727 |
