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Construction Loans

Build the home of your dreams

If you want it done right, do it yourself! Get affordable financing with a construction loan.


Multiple uses

Build new or remodel— we'll be with you through the process.


One-time close

Save time and money as you build, with one set of closing costs.


12-month construction

You have more time to build, with a 12-month construction period.1


Locked rate

You'll have the added security of locking your rate.2


Friendly service

Visit us at a branch, by phone, or online, for friendly member service.


Expert local support

From origination through the life of your loan, we provide a high-success, low-stress experience.

Calculate your monthly payment3

Monthly Payment


Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get a construction loan.

  • 1

    Complete an application

    Apply online, by phone, in person, or through video banking.

  • 2

    Get approved or pre-qualified

    We'll let you know if you're approved or pre-qualified for a loan.

  • 3

    Build your home

    Use the funds to finance the construction or remodel of your home.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8580

Your dreams, built from the ground up


Dream big and create your perfect home with a construction loan.


Apply now


1 Loan can be modified to permanent financing at any time, once construction is complete and subject to the credit union’s requirements. A final inspection and a modification agreement are required to modify the loan to permanent financing.
2 Rate locks require the execution of a rate lock agreement and are subject to the terms therein.
3 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used as mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval required. Restrictions apply.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

Video Banking

Memorial Day Holiday Closure All offices will be closed on Monday, May 27, in observance of Memorial Day. ATMs, mobile services, and online banking are available 24/7! View all our holiday closures.