Our Land Loans* can be used to finance the purchase of land for recreational use or a lot for your new home.
- Available for up to 20 acres
- Loan amounts up to $300,000
- Options available for repayment term length
*Land loans are not available in Texas.
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.
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 Maryland / Virginia / DC, call Wendy Leewe: 703-709-8900 x4740 or Sharon Epperson: 703-709-8900 x4721.
In all other states*, call Kim Evans: 919-500-6272 or Robert Santos: 407-457-0851.
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.