If finding your ideal home has started to seem like an impossible dream, don’t give up! There is an alternative. A specialty loan could make it possible for you to build your dream home from the ground up, or transform your present home with an addition or second story.

While financing a building project can be tricky, there are specialty loans — such as construction loans — created specifically for new home construction and remodeling. At Hawaii Central Federal Credit Union (HCFCU), a loan officer will be able to evaluate your specific situation and match you up with the right kind of financing to ensure that your project is completed on schedule and within the established budget.

Construction loans are typically short-term loans and offer the option of interest-only payments during the construction process. Each construction loan is customized to fit the project, and varying amounts of funding are disbursed during each phase of construction.


Since construction loans are much more complex than a typical mortgage, it is vital to work with a lender experienced in construction lending. HCFCU’s construction loan program has quickly increased in popularity since it was introduced in 2010. HCFCU has funded numerous construction projects this year. They understand the process and the obstacles borrowers often face on the way to their new home.

When dealing with a construction project, it’s essential to work with a professional who will be there for you every step of the way. HCFCU will send a representative to visit the site to oversee each phase and make sure the work is progressing as scheduled. Also, all HCFCU construction loans are processed and funded locally, meaning the needed funds are made available in a timely manner.

To find out if a construction loan is the right fit for your building project, or for more information, call 536-3677 or visit one of the home loan officers at 681 S. King St.

Home loans are provided by CU Network Services (NMLS# 375459), a wholly owned subsidiary of Hawaii Central Federal Credit Union (NMLS#412820). Equal Housing Lender.

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