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Build a Home or Remodel

Financing your vision from the ground up. Interested in a construction loan?

Loans are subject to approval

It’s more manageable to build than you realize — especially with the right financing. If you’re looking to build or renovate, no matter the size of your project, First Interstate has a loan built for you.
All-in-One

Combine your short-term construction and permanent financing into a single loan. The All-in-One loan is available for both conforming and jumbo loan amounts and consists of two phases: construction and permanent loan. During the construction phase, payments are interest only. When construction on your home is complete, the loan transitions into permanent financing with no need to requalify — and you only pay closing costs once. Your interest rate is locked in at closing with an interest rate float down option. If rates improve prior to closing, you can take advantage of lower market rates.

Construction-Only

This traditional short-term loan, also called a two-time-close, covers the cost of land, permits and fees, and the building of your home. It is paid in full when construction is complete. You will need to qualify for and obtain a separate loan to refinance into for your permanent financing.

Renovation

A home renovation loan allows you to finance labor, materials, and other hard costs to improve your home. The loan amount is based on the estimated value of the home after your renovations. Whether you’re looking to remodel, finish your basement, add-on, or make other major home improvements, a home renovation loan can help get your project underway.

We've put together our most popular calculators to help answer your most common questions.
Frequently Asked Questions

Let us open the door. It's time for your dream home to become your everyday home.

Ready to get started?

Pre-qualify today and we’ll help you get started on the path to a new home.

Need Help?

Have additional questions? Contact us and an experienced First Interstate Mortgage Loan Officer will be in touch.