Build the home you've always dreamed of, right here in Oklahoma! From breaking ground to laying the final brick, our Construction Loans are designed to guide and support you every step of the way.
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Curious how a Construction Loan fits into your budget? Use our calculator to see how different loan amounts, rates, and terms affect your monthly payments. With smart planning and local, trusted Oklahoma-based support, you’ll be ready to build with confidence.
*Your actual term and payment will be provided upon acceptance of an Allegiance Credit Union loan. This calculator is for informational purposes only and its use does not guarantee an extension of credit.
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Our Construction Loan is designed to support you through every phase of your homebuilding journey. Instead of receiving the full loan upfront, funds are released in stages or "draws" that align with key milestones in the construction process. After each phase is completed, an inspection is conducted to release the next portion of the loan.
Throughout the build, you’ll typically make interest-only payments, keeping your budget flexible. Once construction is finished, the loan can seamlessly convert into a traditional mortgage. With Allegiance Credit Union by your side and decisions made right here in Oklahoma, you’ll have the local support and personalized service to build with confidence.
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Building your dream home in Oklahoma starts with the right financing partner. Our Construction Loan process is simple and easy:
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Thinking about buying a home in the Greater Oklahoma City area? Allegiance Credit Union can help you start strong with Mortgage pre-approval. Getting pre-approved helps you estimate approximately how much you can borrow. A seller will be more likely to consider you a serious buyer if you have a preapproval in hand.
Just fill out our mortgage application, and we’ll verify your info and check your credit. When approved, you’ll get a pre-approval letter (an offer to lend a specific amount) that is valid for 90 days. Don't wait! Get pre-approved today!
“One of the Best Credit Unions I have banked at in my life. People are nice and cheerful and very helpful.”
Mark A.
"Excellent customer service and loan rates."
Brandi S.
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