Construction Loans

Let Central Federal help you build your dream home. A Central Federal Construction loan is typically a short term loan to enable you to pay for the materials and labor in the construction of your new home. Monthly interest payments are due during the construction phase on the outstanding principal balance drawn to date. Once construction is complete, you roll the balance over to another fixed or adjustable rate mortgage.

Central Federal’s intent is to meet the borrowing needs of our community and adjoining counties. No matter what type of loan you are interested in, you will experience expert lending advice from a lending team officer.

Visit Central Federal and let us help you build your dream home. You can also contact a lender at (573) 364-1024.