First Federal Savings Bank Twin Falls

Construction Loan Programs

If you are planning on building a home, consider a First Federal Construction or Construction-Permanent Loan.  With a Construction Loan, you are only charged interest on the funds as they are used.

With a Construction-Permanent Loan, you receive two loans for the price of one.  During the construction phase, interest payments will be made monthly.  At the end of the construction phase, you’ll already have your long-term financing in place.

Build Your Dream Home with our Construction-Permanent Loan

  • One loan which accommodates the construction loan and permanent financing
    • One set of closing costs
    • Permanent financing rate is set at beginning of construction
  • Interest-only payments during construction.
  • Take up to nine months for construction.
  • Borrow up to 95% loan-to-value based on construction and land costs, subject to credit qualification.
  • Most inspections for draw requests are performed by First Federal staff, expediting requests and saving you money.
  • Own a lot? You may be able to use the equity toward the total project cost.

Interested in applying? Contact a loan officer at any First Federal Branch.

The following will generally be required* to order an appraisal:

  • Purchase contract of lot (if applicable – signed by all parties)
  • Legal description of the property
  • Evidence of lot purchase date and cost if already owned
  • Fixed-price construction contract (signed by all parties)
  • Complete set of  plans, including a plot/site plan, description of materials and specifications (signed by all parties)
  • Cost estimate (signed by all parties)
  • Document any pre-paid items with receipts and cancelled checks
  • Well and Septic permits (if applicable)
  • Evidence builder is registered within the State of Idaho
  • Course of construction insurance required prior to closing
  • Building permit required prior to first draw

We can finance your lot too!

  • Finance your lot with as little as 30% down.
  • Fixed rates and payments.
  • When you're ready to build, the balance of your lot loan can be included in your Construction-Permanent Loan.

Some restrictions apply, see loan officer for full requirements. Mortgage insurance will be required for loans greater than 80% loan-to-value. *Prior to acceptance of the Loan Estimate, no verification documentation is required. All loans subject to approval.

Want to... ?

man with tie next to flag icon

Get in touch with us?
Whether you’re looking for a mortgage, auto, home equity, or other lending product, we have a loan for that. Let our lending professionals help you find the best solution to fit your unique lending needs.

Learn More

Today's Rates

Rates as of 3/23/2023

Auto Rates Starting at


Learn More

Home Equity Lines of Credit from

8.12  %APR*

Learn More

Home Equity Loans from

5.63   %APR*

Learn More

*All credit products are subject to approval and subject to change without notice. Rates, terms, and amounts based on qualification.