UCCU (Utah Community Credit Union)
Provo, Utah County, UT
Flexible construction loans with one-time close in Utah County
Utah Community Credit Union offers construction loans with interest-only payments during the build phase and a one-time close option that converts automatically to a permanent mortgage.
Services Offered
- One-time close: construction loan converts to permanent mortgage automatically
- Interest-only payments during the build phase
- Down payments as low as 5% of total project cost
- Flexible options for ground-up builds, remodels, and additions
One Closing, One Loan, Less Hassle
UCCU's construction loans stand out for the one-time close option — you go through approval and closing once, and the construction loan automatically converts to a permanent mortgage when the build is complete. That saves time and avoids a second round of closing costs.
The ConstructionPerks Take
We think UCCU is best for: Homeowners and builders in Utah County who want simple, flexible construction financing with low down payments and local service.
One thing to think about is the 5% down payment option. Most construction loans require 20%, so UCCU's lower threshold opens doors for more borrowers.
Loan-based. Interest-only during construction. Down payments typically 5-20% depending on credit and loan type.
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