Our team has the experience necessary to help you effectively navigate the construction funding process. During your application process we review your application, plans, construction cost estimate and call on contractor references. Additionally we work with you to ensure that you are pre-qualified for a permanent mortgage.
Once your loan closes we will work directly with you and your contractor to ensure that your project expenses are monitored and funded efficiently. Our goal is to get you through construction and into your new home with a permanent mortgage from Centennial Lending.
We offer construction loans in Colorado, Idaho, Nebraska and Wyoming.
Residential Lot Loans
Residential Lot Loans are primarily offered to existing Credit Union members or consumers who are interested in purchasing a site on which to construct a residence.
We offer a variety of options to meet your specific needs. These options will impact your loan terms and interest rate. In any event, you will need a minimum down-payment of 30% in order to qualify for a residential lot loan.
The process of uploading required documents went very smooth all online. The entire transaction was timely and easy to navigate with my busy schedule. There were regular updates that helped me track progress and stay on top of tasks.
Centennial Lending is always easy to work with and explains everything in easy to understand terms. I’d get a loan from them again.