Build your dream home—from the ground up.

Lot & construction loans

Whether you’re buying land now or ready to start building, we make financing easy. Our lot and construction loans are designed to keep the process simple, affordable, and flexible—with one local team guiding you every step of the way. 
 





   


Residential Lot Loans

Buy the land now, build when you're ready.
  • Affordable payments with minimal closing costs 
  • A stable monthly payment, even before construction begins  
  • No double origination fees—your lot loan origination fee is credited toward your construction loan when you build with us
  • Helps lock in your lot now so you can plan your build with confidence

Construction Loans

Fund your building project step-by-step, with less costs and fewer surprises.
  • One set of closing costs—you may sign twice, construction loan + end mortgage, but you won’t pay closing costs twice
  • Pay interest only on the portion you’ve drawn — no wasted interest on unused funds  
  • Lock in your permanent mortgage rate up to 375 days in advance, with a possible float-down if rates drop  
  • Origination fee capped at 1% (maximum $1,500)
  • We stay your lender, servicing your loan from start to finish, no handoffs










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How it works

  1.  Meet with a mortgage advisor to talk through your building plans
  2.  Get prequalified for a lot or construction loan that fits your goals
  3.  Close on your lot or start your construction with one simple process
  4.  We coordinate funding draws directly with your builder as work is completed
  5.  Once your home is finished, your construction loan converts to your permanent mortgage automatically 

Frequently asked questions


A lot loan helps you buy land now and build later. A construction loan funds the actual building process and transitions into your permanent mortgage when your home is done. 
No. Our one-time closing process combines your construction and permanent mortgage closings into one, saving you time and money. 
Many customers hold their lot for a year or more before they start building. Lot financing typically has a limited timeframe, so most buyers plan to begin construction within a few years. Your advisor can walk you through timelines and help you choose the best path for your plans.
Yes. We’ll work directly with your licensed builder and handle inspections and draw payments. 
Only on the funds you’ve used, not on the full loan amount.















Experience the Think difference

  • Local decision-making and service in Minnesota
  • Clear, easy process from lot purchase through move-in
  • Trusted advisors who know your community and local builders
  • Transparent pricing and predictable payments

Ready to start building your dream home?

Call us at 1-800-288-3425 ext. 2507, send us a message, or visit one of our branch offices located in Apple Valley, Eagan, Edina, or Rochester. 

 
 

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Construction loans and residential lot loans are available for properties in Minnesota to existing customers, or new customers who live or work in Minnesota.