Construction Loans
We specialize in home construction loans and work with you and your builder from application to completion. Once your home is built, your construction loan automatically becomes a mortgage, so you don't have to worry about refinancing or going through more than one approval process.
Construction Loan Calculator
Estimated Monthly Payment
Other Loan Calculators
- This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements. Payments quoted do not include taxes & insurance, so actual payments may be higher.
- Loans are subject to credit approval. Restrictions and limitations may apply. Rates for owner occupied homes only.
Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*
*To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.
Our Custom Construction Loan Advantage
Save up to $600 on closing costs with a checking account from WaFd Bank.* Find out how
We don't sell, assign, or transfer your loan.
Once construction is complete, the construction loan automatically becomes a mortgage.
WaFd Bank has partnered with Built to streamline draws, inspections and more. Learn how Built works
Benefits of Working With WaFd Bank
Benefits of Working With WaFd Bank
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We're Here for You
From submitting your application through closing and beyond
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Competitive Rates
We have competitive mortgage rates and will be with you every step
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Apply for a Loan Online
You can quickly and securely apply online in minutes
Frequently Asked Questions
![Wood model house in empty field at sunset.]()
7 Tips for Buying Land to Build a House
Many parts of the country are experiencing housing shortages and experts predict a building boom is just around the corner.
![Construction to Permanent Loan Advantages & How They Work]()
Construction-to-Permanent Loans Explained
It's hard to find everything you want in a home.
![Couple talking about the floor-plan of their new house.]()
Building vs Buying a House - Which is Better?
One of our most commonly asked questions is should I buy or build a house?
Want more help? Come See Us.
If you've done all your research and still want help with your construction loan, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.