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.

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Convenient Locations

Workers Credit Union provides in-person banking services and financial coaching at locations in Worcester, Lowell, Fitchburg, Gardner, Chelmsford, Westford, Groton, Townsend, Lunenburg, Lancaster, Leominster, Athol, Hudson, and Orange, MA.

Apply for your Construction Loan online or contact us with any questions.

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 1.26% APY*

SaveUp Savings

Start saving big with just $5. The more you save, the more you earn!


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

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.