Rural Construction Loan

Looking to live off the beaten path?

With up-to 100% financing,* a LMCU rural construction loan might be the perfect option for you. Rural construction loans have specific requirements.** Buyers and homes must meet your state's housing development authority guidelines.**


To qualify for a USDA Rural Development loan you must meet these requirements

  • Meet income-eligibility
  • Must be a primary residence
  • Purchase a property that meets property eligibility requirements


  • Provides financing for low-to-moderate income families in rural areas
  • Don't have to be a first time homebuyer
  • 30-year fixed rate
  • One-time close
  • 100% financing program with $0 down*

New USDA Rural Development Construction Loans

LMCU is proud to be chosen as one of the first lenders in Michigan to offer this loan! The USDA Rural Development Construction Loan allows you to finance both your lot purchase and new construction in one loan.

Great low mortgage rates

Compared to traditional banks, you'll pay less on your loan rate, less on your closing costs, and less in expenses over the life of the loan.

View Rates

*For well-qualified borrowers. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Please consult your tax advisor. **To qualify for a USDA Rural Development or Rural Construction Loan, you must meet specific requirements. Visit for more information.