Bring us your blueprint and we'll nail down a financing package.
Maybe you have a specific floor plan in mind - or you've purchased land in a perfect place. In any event, you plan to build your next house from the ground up. Your unique home requires a special loan, one that sees you through every step of the construction phase. At Empower FCU, we know how to structure loans that take you from breaking ground to the final finishing touches.
  • For primary residences, vacation homes or second homes (one-unit homes only)
  • Stick-built, modular and doublewides
  • Local Financing - underwritten, processed, and serviced right here in Upstate New York
  • Competitive Rates and Flexible Terms

Draw Loans

  • Finance up to 90% of home's value
  • 12-month maximum construction period
  • Funds distributed as each building phase takes place (maximum five draws for project)
  • Interest-only payments during the consruction period
  • Automatically converts to a fully amortizing mortgage at the end of the 12th month.

End Loans:

  • Finance up to 95% of Loan to Value
  • 270-day Rate Lock
  • One Free Rate Float Down
Let an Empower Mortgage Consultant help you find the right kind of loan for your needs. Our simple application process gets things moving quickly so you can start building.
Empower Federal Credit Union is a full-service financial institution serving members throughout New York State.
Lending made personal
Affordable loans help you embrace life's opportunities and take on its challenges.

*Available in all counties in New York State except Bronx, Kings, Nassau, New York, Queens, Richmond and Suffolk. Members must meet qualification requirements and builder must be approved by Empower FCU. No escrow of property taxes and insurance required, unless the structure is in a flood zone. Other restrictions may apply.

All loans subject to approval. Rates, terms, and conditions subject to change.

NMLS: 412348
Membership eligibility required.Rates, terms, and conditions subject to change. Loan approval based on creditworthiness. All loans subject to approval. Available in all counties in New York State except Bronx, Kings, Nassau, New York, Queens, Richmond and Suffolk. Members must meet qualification requirements and builder must be approved by Empower FCU. No escrow of property taxes and insurance required, unless the structure is in a flood zone. Other restrictions may apply.