Planning to build your ideal home? Work with your builder to fine-tune the plans, pick the colors, and trims - we'll help with the financing. OU Credit Union Construction Loan allows up to five draws and interest only payments during the draw period (up to 12 months from the loan origination date).
as low as 5.125% APR
• Fixed or variable interest rate with 10, 15, 20, or 30-year terms.
• 20% down payment required, less the equity of a borrower-owned lot
• Loan amounts up to $3,000,000
To apply, click the Apply Now
button below, by phone or at a branch. If you have questions, contact the Mortgage Department directly at 517-333-2424 option 3