WHAT OUR CUSTOMERS SAY

Build your dream home with our 

Construction

Program

We offer a one-time close, construction-to-permanent loan program that’s great for members looking to build the home of their dreams! Our one-time close program allows borrowers to simplify and streamline the construction financing process, with just one approval, one closing and one set of closing costs.

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The Pricing Plan

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PROFESSIONAL

8

$

/month

Billed Annually

5 active project
10GB space
collaborators

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No Credit Card Required

FREE

0

$

Cost Free Forever

1 active project
100mb space
collaborators

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TEAM

22

$

/month

Billed Annually

25 active project
25GB space
collaborators

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No Credit Card Required

PLUS

89

$

/month

Billed Annually

25 active project
25GB space
collaborators

SIGN UP

No Credit Card Required

All plans include the following features as a standard of our product.

If you have questions and want to talk about your specific situation, fill out the form below and we will reach out to you!

Construction Department

Ready to Get Started?

YOUR CREDIT UNION: NMLS ID# XXXXXX
MEMBER FIRST MORTGAGE, LLC: NMLS ID# 149532

CONSTRUCTION LOANS

ABOUTPURCHASE A HOMEREFINANCE YOUR HOMERESOURCESCREDIT UNION ACCESS
MY ACCOUNTAPPLY(866) 898-1818

Building tomorrow together

**Construction Loans are currently limited to the California counties of Butte, Glenn, Shasta, and Tehama.
All lending products are subject to credit and property approval. Terms, conditions, and interest rates are subject to change without notice. Certain restrictions may apply and may vary based on borrower qualification and collateral conditions. This is not a commitment to lend. Additional restrictions may apply. Members 1st Credit Union: 4710 Mountain Lakes Blvd., Redding, CA 96003 | (800) 303-3838  | NMLS ID: 419964.  Member First Mortgage, LLC Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (866) 898.1818 | NMLS ID: 149532. Equal Housing Opportunity.

About our Construction Program

One-Time Close

Low Down Payment*

Low Credit Score Requirements*

Free Online Pre-Approval & Application

Allows Financing for 
the Lot, Construction 
& Permanent Mortgage

Permanent Rate Lock Upfront

APPLY NOWHOMEACCOUNTSLOANS & CREDIT CARDSCONNECTSUPPORTLOGINPURCHASEREFINANCEBUILD
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Download the Construction Loan Guide

Get our construction loan overview including builder questionnaire, loan guide, and origination overview.

LOAN FEATURES

Enjoy the advantages of a Members 1st construction loan.

SINGLE CLOSING COSTS

One set of closing costs where interest rates are locked before construction.

FLEXIBLE RATE LOCK

Enjoy the flexibility of locking in your interest rate any time during construction.

INTEREST ONLY PAYMENT

Make interest only payments on the loan balance during construction.

FLEXIBLE DOWN PAYMENTS

Landowners can apply the value of their land toward their down payment to minimize upfront costs.

HOW IT WORKS

Our construction financing program features a 12-month term to build the home, with 5 draws throughout the process. Upon maturity, the balance of the construction loan will need to be refinanced into a 15, 20, or 30 year fixed-rate mortgage.

What is the advantage of a Member 1st Construction Loan?

What does a construction loan cover?

How does a construction loan work for a new home?

Prepare for the builder review

Can I purchase a manufactured home?

Do I pay interest as soon as I take the loan out?

Is it flexible if I have to take more money out for unexpected expensed?

Members 1st Credit Union has partnered with Member First Mortgage (MFM), a Credit Union-owned mortgage lender. Through our partnership, we can offer our members a variety of home loan options to fit their unique financial needs and goals such as:

  • Conventional fixed and adjustable rate programs up to 30 years
  • Government loan programs like FHA, Rural Development and VA (Veterans)
  • Construction financing
  • Jumbo loans and more!

You will work with a licensed and knowledgeable Mortgage Consultant at all stages of the process to help you navigate the mortgage process. 

Ready to get started? Contact us today at (530) 222-6060 x516.

HOME INSURANCE

You know you need it. But do you know how to get a deal?

GET A QUOTEApply Now or speak with one of our loan officers at (800) 303-3838.

READY TO GET STARTED?

If you’re ready to apply or have questions and want to talk about your specific situation, fill out the form below and we will reach out to you or call us at (530) 222-6060!