Whether you’re planning to build your home from the ground up or add a second story to your current home, more and more homeowners are building their way to their dream homes. While financing a building project can be tricky, specialty loans, like constructions loans, were created specifically for these types of situations. With proper financing from the start, a specialty loan can help you evaluate your overall construction plans and help ensure your project is completed on time.

Constructions loans are typically short-term loans and offer the option of interest-only payments during the construction process. Each construction loan is customized to each borrower’s situation, as different amounts of the loan are disbursed during each phase of construction. This helps to keep the progress of construction on schedule and within budget.

Since construction loans are much more complex than a typical mortgage, it is vital to go with a lender that is experienced with construction lending. At Hawaii Central Federal Credit Union (HCFCU), the construction loan program has quickly increased in popularity since it first began in 2010. HCFCU loan officers have helped and funded numerous construction projects this year. They understand the process and the obstacles past borrowers have dealt with on the way to their new home.


When dealing with a construction project, you need to ensure you have professionals who will be there for you every step of the way. With on-site visits to see how each phase is going, HCFCU’s home loan officers ensure each phase is moving along as scheduled. Also, all construction loans are processed and funded locally, allowing for a quicker turnover and access to the funds you need.

To see if a construction loan is the right fit for your building project, or for more information, call 529-4599 or visit one of HCFCU’s home loan officers at 681 S. King St.

Home loans are processed by CU Network Services, a wholly owned subsidiary of Hawaii Central Federal Credit Union.

address //
681 S. King St.
contact // 536-3677
web // www.hccu.info