Construction Loans


Build your dream

image of a house being built

We’re Paying for your Construction Appraisal!

$500* home icon
  • We pay $500 of your construction appraisal*
  • Monthly inspections to make sure progress is being made on your home
  • Conventional loans available for after your house is built

Yes you read that correctly, we’ll pay for your construction appraisal!* Let us pay for that appraisal so you don’t have to stress about it. Plus, you can save money right from the start! Our process is fast and our loan officers are friendly. Start saving money with DFCU today!

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Limited Time Offer


*We’ll reimburse you up to $500 for your construction appraisal if you get your construction loan through DFCU.

Membership and eligibility required. OAC.

Develop a haven of your own

The perfect spot. The perfect home.

Are you planning to complete construction within 12 months? Is your build site in Utah or Idaho? If so, Deseret First can help you throughout your loan process. Our Loan Officers have the experience and resources to make it simple and affordable. So go ahead, build that secret passageway!

See what DFCU can offer you:

  • Monthly inspections to ensure progress
  • Conventional loans available for long-term financing
  • Lien release checks to protect ownership of your home
Start Building
couple reviewing architectural plans for their new house

What does it take to build your own home?


Are you interested in building your own home, but not sure what it takes? Not to worry, we’ve taken members through this process hundreds of times. That’s why we can help you each step of the way. Here’s a brief overview of what you’ll need and what will happen.
Number 1
The first thing you’ll need to do is create a set of house plans. You can hire an architect, find one online, or select a larger builder. You’ll also need a contractor to actually build your new home. Once you have the necessary help, we work together to create an itemized budget.
Number 2
After your budget is complete, we can finish your loan & the work gets started! During the construction phase, you and the builder will submit construction draws. These are periodic payments to your contractor as they create the home.
Number 3
Each month of the build period, Deseret First will perform inspections. In detail, we check that the work done matches up with the money drawn out. Not to mention, making sure the actual build is following the architect’s plan!
Number 4
Finally, welcome home! Once your new abode is complete, you may want to consider long-term financing. In particular, we offer 15 and 30-year loans to pay off the construction loan.
new kitchen with island and stools

Unique Loan Benefits and Features

  • no out-of-pocket payments during construction
  • draw checks done locally
  • include your lot as part of the loan
  • available for primary or secondary residences

Loan Requirements


You’ll need:

  • membership and eligibility
  • credit approval
  • a licensed contractor
And we can help you get there! With so many options available, let Deseret First help find the right loan for you. Call a Deseret First Mortgage Officer at 801-456-7088 or 800-326-3328 ext. 7088. Available Mon-Fri 8:30am–5:30pm.
Start Application
new home construction site

Our Mortgage Loan Officers teach — not sell


Mortgages Officers at Deseret First Credit Union

Home buyers rate us 4.5 stars: “Extremely Satisfied”

Your loan application builds your foundation!

Start the groundwork