COVID-19: The health and safety of our customers and colleagues remains our top priority.

Paycheck Protection Program: Key Changes & Updated Applications

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.

CONTACT OUR TEAM

Simple. Transparent. Consistent.

2.99% APR*

Low interest rates

0.50%

Origination fee (Click here for sample loan estimate)**

90%

Loans that cover up to 90% of project cost (including land)***

1:1

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 Icon

Step 1:

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

Step 2 Icon

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 Icon

Step 3:

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

Step 4 Icon

Step 4:

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


Find a Local Lender

Skyler Bloch

Sioux Falls, SD
Mortgage Banker
NMLS# 1847497

GET TO KNOW ME

Brandon Ness

Sioux Falls, SD
Mortgage Banker
NMLS# 1993151

GET TO KNOW ME

Stephen Peschong

Sioux Falls, SD
Mortgage Banker
NMLS# 1144805

GET TO KNOW ME

Molly Wood

Aberdeen, SD
Mortgage Banker
NMLS# 1634748

GET TO KNOW ME

Austin Hawkinson

Bismarck, ND
Business Banker
NMLS# 1173171

GET TO KNOW ME

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.
**View loan estimate at www.plainscommerce.com/terms-and-conditions
***All credit and loan products are subject to credit approval.
Construction Loans | Plains Commerce Bank

Leaving plainscommerce.com

While we offer this link for your convenience, please note that we are not responsible for the content provided by third-party websites. We encourage you to review the policies of any website prior to sharing personal information to ensure privacy and security. Any products or services accessed through this link are not provided by, endorsed or guaranteed by Plains Commerce Bank.

Continue Stay on plainscommerce.com
External Popup