Interest-only during construction
Pay interest only on funds that have been drawn, keeping payments manageable while your home takes shape.
Construction loans
Build it right, with a lender who knows the draw schedule.
Financing for your build, with local underwriting that keeps draws on schedule and a Mortgage Loan Officer who helps you line up permanent financing when the work is done.
Mortgage lending across West Texas.
A dedicated team in every market we serve.
Amarillo
A dedicated team serving Amarillo and the surrounding Panhandle.
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Lubbock
Where it all started. Fast approvals and local expertise for South Plains buyers.
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Midland
Dedicated mortgage support for Midland and Permian Basin homebuyers.
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The mortgage process
Your construction loan, step by step.
Construction loans do not work like a regular mortgage. Here is how yours will go.
step 1
Apply and get approved.
We review your financial information, construction plans, property details, and builder qualifications upfront.
Apply Nowstep 2
We fund your build as it progresses.
Loan funds are released in stages as construction milestones are completed. Inspections are required before each disbursement to confirm progress.
step 3
Make interest-only payments during construction.
Payments are interest-only and based on the amount of funds disbursed, not the full loan amount, which helps you manage your cash flow during the build.
step 4
Finalize permanent financing.
After construction and final inspections are complete, your Mortgage Loan Officer will help you select a permanent financing option that fits your needs.
Manage your mortgage from anywhere.
Stay on top of every step with the Texas Tech Credit Union mortgage app. Upload documents, check your status, and connect with your team on the go.
