Construction Loans

Excitement is building

House under construction


When choosing to build your dream home, you may need to finance the construction phase. Cobalt Credit Union can finance the construction of real estate that you already own or are buying.



About Our Construction & Lot Loans


  • Competitive fixed interest rate.
  • Customized loan terms.
  • Flexible amounts of construction financing that depend on the permanent limits of prior loan approval.
  • Lot financing is also available.


  • Monthly payments of interest only during the construction phase.
  • The construction loan is serviced locally by experienced and knowledgeable professionals
  • Peace of mind with prior approval of permanent loans in advance and the Extended Lock Program

Blue door with padlock



Cobalt's Extended Lock Program allows the freedom to see your new house built without seeing your interest rate rise.







Our expert construction lenders will guide you through the financing process.

Wendy Walker
Wendy Walker 
NMLS# 1569933
VP Residential Construction Lending
Learn more about Wendy

If you cannot see the form, please click here.