Construction Loans

Build a new residence, fund a major addition to your current home or make repairs to a home being purchased with an LGFCU Construction Mortgage.

  • Combine construction and permanent loans into one closing.
  • Finance with a fixed-rate mortgage or a 5-year ARM.
  • Maximum six-month construction phase.
  • Loan converts to a permanent loan and payments begin according to the terms and interest rate set at closing.
  • Origination fee .75 percent of the loan amount (cap of $1,500).
  • Property must be located in NC, SC, VA, GA or TN.
  • Financing available for primary and vacation/second homes.

View Mortgage Rate Sheet (PDF)

Start building your dream home!

  • Call the Contact Center at 888.732.8562
  • Visit your local branch

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