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Construction Loans | Wright-Patt Credit Union

Interest only payments while your home is being built – an affordable way to build the home of your dreams.


Building a new home is exciting — the perfect home that fits your personality. We offer expert advice and a variety of Construction Loan programs, allowing you to build the home of your dreams.

Building Now?

Construction Permanent Loans offer the convenience of a one-time loan application, loan approval, document processing and loan closing, covering both the Construction Loan and the Permanent Mortgage Loan.

The Construction Loan offers a Construction Draw Period, in which money is dispersed throughout the course of construction based on inspection of the property and on the percentage of completion. Interest only payments are required during the construction draw period. Once construction is completed and the final inspection and certificate of occupancy are received, the loan will transition into the permanent mortgage loan. At that point, regular mortgage payments based on the permanent loan interest rate and the loan term begin.

Building in the Future?

If you are looking to acquire a lot for the future construction of a residence, a Lot Loan will serve your needs. This loan requires a down payment as low as 15% and has a liberal repayment term.


Pre-qualifying for a loan is the best way to gain an understanding of how much home you can afford. With a few clicks of the mouse, you can pre-qualify yourself for a mortgage loan online.

Meet Us

When you're ready to meet face-to-face with a Mortgage Originator at Wright-Patt Credit Union, simply call (937) 912-7680 or (800) 762-0047 and ask to be directed to one of our friendly and knowledgeable Mortgage Originators, or click here to schedule an appointment.

Free Mortgage Loan Consultation

Sit down with one of our Mortgage Originators and they will help you determine the right loan option for your needs and bring you one step closer to owning your new home.

Mortgage loans processed and underwritten by myCUmortgage, LLC — a wholly-owned subsidiary of Wright-Patt Credit Union, Inc. All loans subject to credit approval and property appraisal.

Keep more of your hard-earned money. Check out our other websites:

Respect Your Money - Young Today, Money Smart TomorrowFraud Awareness - Protect Yourself From FraudWright 4 You Mortgage - A Perfect Fit

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