Build a home you love from the ground up
With a construction loan, you can get the funds you need to build a new home or accessory dwelling unit (ADU).
Overview
If you’re planning to build or rebuild a home, an RCU construction loan offers personalized options, competitive rates, and terms that work for your budget.
Webinar
Want to learn how to finance the building of an ADU on your property?
Our mortgage experts partnered with the Napa Sonoma ADU to put on a webinar that explains how to finance building your dream ADU.
Have a piece of land in mind?
We also fund lot loans. We can help you buy an empty lot to start from scratch on your next home. Finance up to $1.5 million at 60% loan-to-value.
Have a question?
If you have questions about any part of the home buying process, our mortgage experts are here to help. Schedule an appointment or give us a call at 1 (800) 609-9009.
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CA properties only
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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