Twin Cedars Bank

Home Construction & Renovation Loans

Build Your Dream Home with Twin Cedars Bank 

At Twin Cedars Bank, your trusted local bank in Iowa, we're passionate about helping you realize your dream of building a home. Whether you've found the perfect lot in Cedar Rapids, Des Moines, or any other location in Iowa, our construction loans can provide the financial support you need throughout the process. And if you want to breathe new life into your existing space, our renovation loan options can help you transform your house into your dream home too. We offer a variety of loan solutions to fit each customer's goal.A new house being built with the help of a new home construction loan from Twin Cedars Bank, one of Iowa's best banks for mortages and construction loans.

Financing Every Step of the Way

We offer a comprehensive suite of construction loan options to meet each customer’s needs. From acquiring the land to completing construction, Twin Cedars Bank is your one-stop shop for financing the construction or renovation of your home:

  • Lot Loan: Secure the perfect building site with a flexible lot loan. This option allows for interest-only payments during the first year, giving you time to prepare for construction.
  • Construction Loan: Once you're ready to break ground, our construction loan provides the funds needed to finance the building process. Payments are interest-only based on the amount of money advanced, minimizing your initial financial burden.
  • Permanent Loan: Once your new home is finished, your construction loan easily converts to a regular mortgage. We offer competitive rates and can lock in your construction loan interest rate in advance, ensuring financial stability throughout the project.

What is a Construction Loan?

Unlike a traditional home mortgage, a construction loan is a short-term financing solution for building a new home. Here's how it works:

  • Loan Approval: We'll evaluate your financial situation and determine the maximum loan amount based on the estimated cost of construction and the appraised value of your completed home.
  • Disbursement of Funds: As construction progresses, you'll receive loan advances in stages based on the completion of specific milestones.
  • Interest-Only Payments: While your home is being built, you'll only pay interest on the money you've withdrawn from the loan.
  • Conversion to Permanent Loan: Once your home is complete, your construction loan converts to a permanent mortgage with a fixed monthly payment that includes both principal and interest.

Reimagine Your Living Space

Breathing new life into your existing home can be incredibly rewarding. Whether you're looking to modernize your kitchen, create a spa-like bathroom retreat, or simply improve the functionality of your living space, a home renovation project can significantly enhance the comfort and enjoyment of your home. From replacing outdated fixtures to undertaking a complete room remodel, Twin Cedars Bank offers a variety of renovation loan options to help you finance your vision and transform your house into your dream home.

Benefits of Choosing Twin Cedars Bank

Twin Cedars Bank is here to make your dream of building a home in Iowa come true. Our team boasts local expertise – they understand the ins and outs of construction in the state and can guide you through every step of the process. We believe in streamlining your experience, so you can benefit from having both your project and permanent financing in one simple application, saving you valuable time and hassle. Additionally, we offer competitive construction loan rates to help you stay within budget. But most importantly, you'll receive personalized service throughout your homebuilding journey. Our dedicated team is committed to providing the attention and support you deserve.

Ready to Build Your Dream Home?

Building a home is an investment in your future, and so is choosing your bank. At Twin Cedars Bank, we're deeply rooted in the communities we serve. We're your neighbors, not just your lenders. Our experienced loan officers live and work alongside you, offering local expertise and personalized guidance every step of the way. Let's build your dream home, together. Don't settle for a generic big-bank lender – choose Twin Cedars Bank, your trusted local partner in building a brighter future.

Make Twin Cedars Bank Your Home For Residential Loans

Contact Us

Request an Appointment to Apply for a Loan

Meet Our Team

Contact Carri Vande Ree, Vice President, Home Mortgage and Wealth Banking

NMLS # 526334

201 Cornerstone Dr
Oskaloosa IA  52577

P: (641) 672-9863  

Apply with Carri today

Contact Michelle Sampson, AVP, Private Banking and Business Administration

201 Cornerstone Dr
Oskaloosa IA  52577

P: (641) 672-9863 


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