Home Construction and Remodel Loans
From buying the lot to moving in, with eight NMLS registered lenders you can call directly.
Building a home, tearing one down to build new, or remodeling the one you have starts with a lender who has financed projects like yours. Our lenders finance construction from Glencoe and the rest of McLeod County to Lake Minnetonka, and every one of them is an NMLS registered banker you can call directly.
Where are you in your project?
Most home projects start in one of four places. Find yours, and your lender will take it from there. There is no obligation in a first conversation.
Lot Acquisition Loans
Found the right piece of land before the plans are final? A lot loan lets you buy it now and build when you are ready.
New Home Construction Loans
Build to your own specifications, or buy an existing home, take it down, and build new on the lot. Jumbo construction loans for larger custom homes are a particular strength, and our lenders have financed teardown projects around Lake Minnetonka, Wayzata, Edina and Southwest Minneapolis.
Remodeling Construction Loans
Finance a major renovation or an addition to the home you already own, with a lender who understands how a remodel is built and paid for.
Bridge Loans
When finishing your new home depends on selling the one you live in now, a bridge loan lets you start construction now. It covers the gap in cash for your down payment until your current home sells.
Whichever loan fits, we work to minimize duplicate closing costs between your construction loan and your permanent mortgage.
Meet our NMLS registered lenders
Call or email any of them directly. Each card shows the lender's direct line and home office, and each name links to that lender's full bio. Or pick one on the form at the bottom of this page and they will follow up with you.
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Buying a lot, planning a teardown, or remodeling? It starts with a conversation about your plans.
Start the ConversationHow does a construction loan start?
- Talk with a lender. Share your plans, your budget, your builder if you have one, and your timeline.
- Get prequalified. A prequalification shows how much you can afford, and why, before you sign with a builder.
- Apply and document. Your lender tells you what applies to your project and walks the file through underwriting.
- Build. Your lender guides you through closing and remains your contact at the bank while you build.
Bring what you have to the first conversation
- Your plans or sketches, even early ones
- Details on the lot, if you have one
- A builder's bid, if you have one
- Your budget and your timeline
Your lender will tell you what the application needs. When in doubt, reach out first and bring what you have.
How do I choose a builder?
The right builder matters as much as the right loan. Start with Housing First Minnesota, the association for builders in Minnesota, and ask friends, family and real estate agents who specialize in new construction for referrals.
What to look for in a builder
- Proven experience building the kind of home you want
- Current state licensing and insurance
- A solid reputation in the community and good references from past clients, suppliers and local banks
- A permanent business address
It is also worth checking with local agencies that there are no past or pending legal proceedings against the company.
Where do you finance construction?
Our lenders finance new construction and remodels across the communities we serve, from Glencoe and the rest of McLeod County to Lake Minnetonka, Wayzata, Eden Prairie, Edina, Southwest Minneapolis and Isanti. Stop in at any of our 21 offices and ask for a lender.
- McLeod County: Glencoe, Winsted, Brownton and Plato
- Carver County: Waconia, Chaska, Cologne, Hamburg, Mayer and New Germany
- Hennepin County: Minnetonka, Eden Prairie and Wayzata
- Isanti County: Cambridge and Isanti
- Anoka and Ramsey counties: Ramsey and North Oaks
- Sibley County: New Auburn
See every branch, with hours and directions
Common questions about construction and remodel loans
What construction loans do you offer?
We offer lot acquisition loans, new home construction loans including jumbo construction, acquisition, teardown and construction loans, remodeling construction loans, and bridge loans. Your lender will help you choose the option that fits your project.
What is a bridge loan, and when would I use one?
A bridge loan is used when finishing your new home depends on selling your current one. It lets you start construction now and covers the gap in cash for your down payment until your current home sells.
Do you finance construction outside the Twin Cities?
Yes. We finance new construction and remodels across the communities we serve, from Glencoe and the rest of McLeod County to Lake Minnetonka, Wayzata, Eden Prairie and Isanti. We have 21 offices in 18 Minnesota communities.
Can I get prequalified before I sign with a builder?
Yes. Your lender starts with a prequalification so you understand how much you can afford, and why, before you sign with a builder. Prequalifications put you under no obligation. They give you an estimate of what you could qualify for.
How do I find a good home builder?
Start with Housing First Minnesota, the association for builders in Minnesota, and ask friends, family and real estate agents who specialize in new construction for referrals. Look for proven experience with the kind of home you want, current state licensing and insurance, good references, and a permanent business address.
How do I reach a construction lender at Security Bank & Trust Co.?
Call or email a lender directly. Every lender on this page is listed with a direct phone number, home office and NMLS number. You can also call 320-864-3171, stop in at any of our 21 offices, or use the form on this page and pick the lender you would like to talk with.
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Tell us about your project
Pick the lender you would like to talk with and tell us where your project stands, and they will follow up. Rather talk now? Call any lender above, or 320-864-3171.