If you have a mortgage question regarding payments, escrow, or the transfer of your loan: please call 866.937.1134

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Construction Loans

Build Your Dream Home

If you've been looking for a house lately, you know the market is tough for buyers. Houses are selling fast! When finding a great deal on a great house feels impossible, why not build your own? Learn how easy a new construction loan can be with Plains Commerce Bank.


Simple. Transparent. Consistent.

Interest Only

Monthly payments


Origination fee credited back when you refinance your construction loan with Plains Commerce Bank*


Loans that cover up to 80% of project cost (including land)**


Dedicated PCB lender for each project

Our Mortgage Bankers will work with you from start to finish. With a construction loan, you’ll pay interest only on the money you have borrowed to date as you move through the building process.

Home Construction Loan Process

Step 1:

Get prequalified for the permanent financing with one of our fantastic mortgage bankers.

Step 2:

You'll provide us with the building plans and specs for your new home. (Your general contractor can help with these.)

Step 3:

Our team will provide you with a construction loan estimate and order an “as-complete” appraisal.

Step 4:

Once your request is approved, we will close on the loan. Let the building begin!

Find a Local Lender

Skyler Bloch

Skyler Bloch

Get to Know Me

Sioux Falls, SD
Mortgage Banker
NMLS# 1847497

Stephen Peschong

Stephen Peschong

Get to Know Me

Sioux Falls, SD
Mortgage Banker
NMLS# 1144805

Molly Wood

Molly Wood

Aberdeen, SD
Mortgage Banker
NMLS# 1634748

Get to Know Me
Austin Hawkinson

Austin Hawkinson

Bismarck, ND
Business Banker
NMLS# 1173171

Get to Know Me
Teresa Veflin

Teresa Veflin

Watertown, SD
Mortgage Banker
NMLS# 881964

Get to Know Me

Not Sure Who to Contact?

Complete the following form and one of our lenders will reach out to you.

Construction Loan FAQs

Why should I choose PCB for my new construction loan?

Can I increase my chances of obtaining a new construction loan?

What’s the difference between a mortgage and a new construction loan?

What are the current interest rates for construction loans?

Do new construction loans have any restrictions?

*Current Annual Percentage Rate. APR may increase after consummation. Rates are subject to change without notice.
**All credit and loan products are subject to credit approval.
Please call 877-212-8787 for loan estimates.
Construction Loans | Plains Commerce Bank

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