Residential real-estate financing for your Idaho home build—not a consumer credit-builder loan. One closing, one lender, and a rate locked before you break ground.
Traditional construction financing requires two separate closings — one to fund the build and another to convert to a permanent mortgage. That means two rounds of closing costs, two appraisals, and the risk that rates or your financial situation change between closings.
Our construction-to-permanent loan eliminates that complexity. You close once before construction begins, lock your permanent rate, and draw funds as the build progresses. When your home is complete, the loan automatically converts — no second closing, no refinance.
This structure is especially valuable in Idaho's active construction markets like Boise, Meridian, and Coeur d'Alene, where build timelines can stretch and rate volatility adds real financial risk.
Once your loan closes, your builder submits draw requests as construction milestones are reached. Eligible construction loans are underwritten through Liberty Federal Credit Union, with lending, underwriting, and draw administration coordinated throughout the project. Progress inspections are ordered as needed, and funds are released directly to your builder. You receive monthly interest-only statements based on the amount disbursed — so early in the build, payments are minimal.
If market rates drop during your construction period, you may be eligible for our Rate Float-Down program. Your Construction Specialist will notify you if your loan qualifies for a lower rate at conversion. This can meaningfully reduce your permanent monthly payment with no additional closing.
This program is available across all Idaho markets we serve, including Boise Metro, Meridian, Nampa/Caldwell, Coeur d'Alene, Post Falls/Hayden, Twin Falls, Idaho Falls, and Sun Valley/Hailey. Rural properties, acreage lots, and mountain builds are all eligible subject to standard underwriting.