Building a Home


Loans for the ground up

We offer 2 types of loans for building


house under construction

Construction Loans

Are you wanting to create the home of your dreams? Don’t worry, we can help you with that! A DFCU construction loan allows you to include the purchase of a lot with your building expenses. We’ll be with you from the initial dig to the final touch-ups.

bulldozer pushing dirt in empty lot

Lot Loans

When you find that place you want to settle down in, we’re here to help you afford it! In particular, with a lot loan from Deseret First. Get the right piece of land now, then you can start building your home in the perfect location for you.


So what’s the difference? And how do you know which type of loan you’ll need? Good news is, it’s not as complicated as it may seem! If you are looking to start building your dream home in the next few months, we suggest a construction loan. We tailor these loans for any situation. If you already own the lot, great! Then we will take care of the construction part for you. If you want to buy the lot and build right away, we can work with that scenario as well.

On the other hand, you may have found the perfect plot of land, but aren’t quite ready to build. If you don’t plan on building for a few months or years, a lot loan is the better choice. A loan officer can help you make this decision, clearing up any further distinctions you need.

For questions or to apply directly with a representative, call 801-456-7000 or 800-326-3328. Available weekdays: 8am-7pm, Sat: 9am-2pm. Additionally, you may visit any Deseret First Branch.

Apply Now Online

Building vs Buying


The process of getting a loan for building your own home is different than buying existing. Perhaps you’ve been there, done that when it comes to buying. But the construction phase might seem like a whole new ball game. That’s why we’re here to help you each step of the way.

So what does it take to build your own home?

Number 1

Step One:

First you’ll need a set of plans, whether from an architect or builder. Next, you’ll select a contractor and together we’ll finalize a budget.

Number 2

Step Two:

The construction phase can be exciting. You and your builder will draw from the loan. This is so the contractor and their employees get paid.

Number 3

Step Three:

DFCU will inspect the site to ensure everything is going according to plan. Specifically the physical plan and the budget!

Number 4

Step Four:

At last, your home is ready for you! Once complete, you may want to consider long-term financing through DFCU.

About our mortgage team

Our loan officers teach, not sell.

We’re dedicated to our members, not money. That’s why we want you to feel confident when initiating any home-buying process. Our loan officers have 60 years combined experience. They won’t look only at the short-term or what you need now. Rather they will consider your long-term future. Thus working together to decide which loan best fits your personal needs.

Mortgages Officers at Deseret First Credit Union

Your loan application builds your foundation!

Start the groundwork