Construction Loans

Build your dream home with a new construction loan that can convert to a fixed or adjustable mortgage.

Our construction loan financing process is streamlined, so you can focus on floor plans, colors and other important details.  We’ll make sure draws and distributions go as planned and when the job is finished, we’ll work with you on end construction financing too.

  • 12-month interest only payments during construction
  • Flexible draws and distributions
  • Conversion to fixed or adjustable rate mortgage when construction is complete

Applying for a Peru Federal Savings Bank construction loan is easy.  Start an application and finish it in just a few minutes, or save it and complete it later.  

Apply Now



Kathy Burris
Assistant Vice President &
Loan Officer



Rob Ankiewicz
Assistant Vice President & Loan Officer