New Construction Loans
Let Northwest Federal help you build your new home
When it comes to planning and building your new home, you’re busy enough without having to worry about your financing. Our Single Close Construction Loan* simplifies the loan process and saves you time and money.
Request an Appointment
When you use Northwest Federal to finance your new home construction, you’ll:
- Get a free pre-approval
- Apply, close, and pay closing costs just once
- Save on out-of-pocket costs with only 20% down payment required
- Enjoy interest-only payments during construction
- Have no pre-payment penalty to worry about should you pay your loan off ahead of schedule
To apply for new construction financing, you’ll need:
- A signed contract with a contractor or builder
- Plans, specifications and cost breakdown
- Your personal information, including the source of funds for your down payment and proof of income
Contact us today to begin your Construction Loan application:
In all states* (except for FL and NC), call 703-709-8900 x4905.
In Florida, call 407-586-7619
In North Carolina, call 919-375-7325
Or, complete our online appointment request form and one of the above mortgage lending representatives will be in touch with you shortly.
*Construction Loans are not available in Hawaii or Texas.