Construction Mortgage

Have you decided to build your own house? TCU has the experience and expertise to guide you through this process.


  • Both conventional and high ratio mortgages are available.
  • If conventional, TCU may finance up to 80% of the home's value.
  • Line of credit is included for any unexpected construction costs, subject to qualifications.
  • Competitive interest rates.
  • Repayment plans to suit your needs:
    • Variable rate mortgage with interest only payments during the construction period, converted to a fixed rate mortgage upon completion or
  • Eligible properties are primary residences, cottage properties and residential revenue properties (dependant on location and other factors).


  • Must meet certain approval conditions
  • Cost of credit and any fees associated with the loan will be disclosed at the time of approval
  • Maximum construction period is one year
  • Maximum of four loan advances

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