Here are the nuts and bolts of a Workers Construction Loan:

  • Pick freely. Choose from a range of fixed and adjustable rate loans. (7/1 ARM and 10/1 ARM)*
  • Spend wisely. Benefit from the low rates and closing costs that come with all our mortgages.
  • Borrow boldly. Get up to 80% of the total cost of construction and lot purchase price.
  • Proceed prudently. Loans give you nine months to complete construction of your home.
  • Read carefully. Loans are for owner-occupied residence properties and must be paid off a maximum of 30 years after completion of the construction period.

When You Have Designs on Something Different

It happens to a lot of house hunters. They tour properties for weeks on end and nothing suits their needs. The kitchen is unappetizing. The master bedroom is a snore. And what were the old owners thinking with the purple paneling? The solution can be simple: Build it yourself. A contractor can design a house to the exact specifications that you want. And, with our range of low-cost construction loans, we can do pretty much the same with your mortgage.

Convenient Locations

Workers Credit Union provides banking services to greater Chelmsford, Westford, Groton, Townsend, Lunenburg, Lancaster, Leominster, Fitchburg, Orange, Lowell, Worcester, and Athol, MA. Apply for your Construction Loan online or contact us with any questions.

Checking Account Tools

Construction Loan PAIRS WELL WITH...

Not ready to make the jump? Take a look at some of the other options, we’re sure you’ll find what you were looking for.

High Interest Checking

Earn up to 1.75% APY*

cuSave Online Savings

Yes, we’re paying 1.00% interest. No, we’re not trolling you


Workers Credit Union membership required; simply open a $5 membership account and you’ll be a member!
Subject to approval, interest rates may change at any time.

More for your money

As a member of Workers, you are enrolled in our GiveBack program automatically. Don't believe us, see how much you could earn each year. Plus, enjoy access to valuable member resources and programs.