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Construction Loans from Keesler Federal
Keesler Federal construction loans help you finance the building of your home from the ground up. Work with experienced lending specialists to guide you through financing, construction, and the transition to permanent homeownership.
What Are Construction Loans?
Construction loans from Keesler Federal help finance the building or renovation or a home, with funding provided in stages as construction progresses. Construction loans can help provide:
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New construction loans for primary residences or second homes
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Construction phase up to 12 months with flexible build timelines
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Loan terms available for 1-year, 15-year, or 30-year financing
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Flexible options including one-time close and two-time close loans
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Conforming loan limits up to $766,550 for qualified borrowers
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Renovation loans available for eligible primary or second homes
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Local guidance from Keesler Federal lending specialists
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Transition to permanent mortgage financing after construction
Construction Loan Types
Keesler Federal offers construction and renovation loan options to help finance the building or improvement of your home. Compare loan types, terms, and eligibility to find the option that fits your project.
New Construction Loans:
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For primary residences or second homes
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12-month maximum construction phase
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1-year, 15-year, or 30-year terms
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One-time and two-time close options
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Conforming loan limit is $766,550
Renovation Loans:
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For primary residences or second homes
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12-month term
*Available in the states of MS, LA, AL, and FL only. Membership and credit eligibility required.
How Construction Loans Work
Start by applying for a construction loan and working with a Keesler Federal lending specialist to review your building plans and financing needs. Call to learn more.
Once approved, your loan is structured to support the construction timeline and approved building plans.
Loan funds are distributed in stages as construction milestones are completed and verified.
Construction Loan Qualifications
To qualify for a construction loan, Keesler Federal reviews several factors related to your project and financial profile, including:
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Your completed building plans and licensed builder information
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The property and construction project eligibility
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Your credit history and income
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Available funds for the required down payment and project costs
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Your eligibility for Keesler Federal membership
Construction Loan Options
Keesler Federal offers different construction loan structures depending on how you want to finance your home build. These options determine how your loan transitions from construction financing to a long-term mortgage.
A one-time close construction loan combines your construction financing and permanent mortgage into a single loan. After construction is complete, the loan automatically converts into your long-term mortgage without a second closing.
A one-time close construction loan combines your construction financing and permanent mortgage into a single loan. After construction is complete, the loan automatically converts into your long-term mortgage without a second closing.
A two-time close construction loan separates the construction financing from the permanent mortgage. After construction is complete, the loan is refinanced into a traditional mortgage through a second closing.
Construction loans fund your project in stages as work progresses. Funds are released based on approved construction milestones to support each phase of the build.
Bank Anytime with the Keesler Federal Mobile App
The Keesler Federal Mobile Banking App lets members securely access accounts, deposit checks, transfer funds, and track everyday spending directly from their phone.
- Securely check balances, move money, and deposit checks from anywhere
- Deposit checks, pay bills, and send money quickly using secure mobile banking tools
- Set up account alerts and track spending to stay in control of your finances
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