Construction loans designed to fit your plans, pace, and priorities.

From dream homes to meaningful upgrades, Iowa Trust makes construction financing straightforward and flexible. Whether you're building new or renovating, we’ll work with you to create a loan that fits your timeline, budget, and plans.

Ready to learn more? Contact our team today to disucss your project, explore financing, and to learn more about construction financing with Iowa Trust.

CONTACT OUR TEAM TODAY!

Frequently Asked Questions

How much do I need down?

We finance up to the lesser of 80% of the appraised value or 80% of the total construction cost.

Can I use my own builder?

Yes. We work with a variety of builders, and you are welcome to choose your own. All builders must be reviewed and approved by Iowa Trust before the construction loan process begins.

How long does the construction process take?

Construction timelines vary depending on the size and complexity of the project, but most homes are completed within 6 to 12 months.

How long does the application and approval process take?

The application, underwriting, and approval process typically takes 30 to 45 days, depending on the completeness of the application and supporting documentation.

Do I lock my rate upfront?

Your construction loan rate is fixed for up to 12 months during the building phase. The interest rate for your permanent mortgage is typically locked closer to project completion, allowing you to take advantage of current market conditions at that time.

*Annual Percentage Rate (APR) effective as of 4/24/2026. Rates and loan program specifics are subject to change at any time. Annual percentage rate will vary. APR shown is based on $400,000 loan amount, 4.99% interest rate, and 12-month term. All approvals are subject to underwriting guidelines and requirements. Rate is only available for consumer residential construction loans. The information contained herein is not an offer to extend customer credit. Fees apply. Iowa Trust NMLS ID# 452947.