Construction Loans

TFCU is now offering construction loans. We can help you go from lot, to construction, to mortgage … all with the people you know and trust.

Contact Mortgage Lending at (405) 732-0324, ext. 2270 for more information.

Adjustable Rate
Term Rate Points
9 Months 5.00% .50-1.00%
Fixed Rate
Term Rate Points
9 Months 5.25% .50-1.00%
Loans will be priced at Wall Street Journal Prime (WSJP) + 1%, with a floor of 6%. A loan fee equal to .50% to 1% of the commitment amount will be charged on each loan, depending upon location of the property. TFCU will file title-insured first real estate mortgages on the home to be constructed. We will require appraisals from plans and specifications, and will limit these loans to no more than the lesser of 80% of the “as completed” market value of the home or 90% of cost.