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Collins Community Credit Union

Construction Loan

Ready to build your dream home?

Are you daydreaming of a new home with the perfect layout, your dream kitchen, and a yard with a fence for the dog to run? If you're ready to build your dream home we've got you covered from the ground up with a construction loan. 

How it Works:

A construction loan is a short-term loan to fund the construction of your new home. During construction, you make interest-only payments to the Credit Union on the outstanding balance of the construction loan until the home is complete. Once construction is completed, your construction loan can then be refinanced into a long-term mortgage.

Lock in your end loan rate up-front!

Our extended rate lock option lets you lock your long-term mortgage during construction, protecting you from rising rates, letting you focus on what truly matters - your new home.


Call the Home Team at 833-759-4772. If you're ready to get started, find a Loan Officer near you or apply today


As little as 5% down payment required


Interest-only payments during construction


One time float down rate option

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Flexible terms

So go ahead, dream big, and make your dream home a reality! For more information about residential construction loans, contact one of our knowledgeable Real Estate Loan Officers

NMLS Registry Information for Collins Community Credit Union Mortgage Loan Originators

What's New

  • Pre-Approval Makes All the Difference When Buying a Home

    22 June 2021
    You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer. Learn More
  • Fraud Text Alerts

    Introducing Fraud Text Alerts

    07 June 2021
    At Collins Community Credit Union, your security is our priority. That’s why we’re excited to introduce fraud text alerts. These alerts will help you monitor your money and keep your accounts safe. To receive these alerts, you don’t need to take any action. You will automatically start receiving text alerts for your Collins Community Credit Union debit card and credit card. Learn More
  • How To Increase The Value Of Your Home With Curb Appeal Updates

    11 May 2021
    The United States housing market is booming, and Iowa is no exception. Lack of inventory and historically low interest rates contribute to the red-hot real estate market. Still, despite the skyrocketing price of lumber and sluggish construction projects, data from one real estate listing company indicated home sales are up 20% across the board in 2021. Learn More
  • Be Your Own Fraud Fighter: Tips To Keep Your Money Safe

    26 April 2021
    In 2020, the Federal Trade Commission recorded 2.2 million reports of fraud and $3.3 billion lost by victims. As these numbers continue to grow, it's crucial to stay informed and take action to protect yourself against scams and potential fraud. Check out the tips and current trends below from Collins Community Credit Union's Fraud Officer, Tabby C., to help keep your money safe! Learn More
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