Member Service: (208) 656-1000

Toll Free: (800) 972-4483

Construction Loans

Apply Now

Building a home?

We have construction loans down to a science at Beehive. With flexible terms, competitive rates, and expert guidance, we help you bring your vision to life.

Why Chose a Construction Loan from Beehive?

  • Competitive Rate
  • Local Expertise
  • Low 1% Origination Fee
  • 12-Month Term
  • Up to two draws a month
  • Interest-only monthly payments
  • Refund of up to $500 in fees if construction loan is paid off before 9 months

Estimate Your Mortgage Payments


THE Mortgage Calculator

Input

$.00
$.00
4%
0%20%
30years
15years30years

Estimated Monthly Mortgage Payment

Building a home?

We have construction loans down to a science at Beehive. With flexible terms, competitive rates, and expert guidance, we help you bring your vision to life.

Why Chose a Construction Loan from Beehive?

  • Competitive Rate
  • Local Expertise
  • Low 1% Origination Fee
  • 12-Month Term
  • Up to two draws a month
  • Interest-only monthly payments
  • Refund of up to $500 in fees if construction loan is paid off before 9 months

Estimate Your Mortgage Payments


THE Mortgage Calculator (Mobile)

Input

$.00
$.00
4%
0%20%
30years
15years30years

Estimated Monthly Mortgage Payment

Construction Loans

How Our Construction Loan Works:

  1. Initial Funding: Funds are disbursed in stages to cover construction costs, ensuring your project stays on track.
  2. Interest-Only Payments: During the 12-month construction period, make interest-only payments to keep costs manageable.
  3. More Flexibility: After completing the construction loan phase, choose the best loan terms for the permanent loan.
Apply Now
 

Enjoy a smooth construction process by gathering your paperwork before you dig.

Begin your application by clicking Apply Now below. Here are the documents we’ll need next:

  1. Income & Assets
    • Year-to-date paystub
    • Two years Federal tax returns
    • Two months’ bank statements
    • Evidence of lot purchase, if applicable
    • Insurance agent’s name and agency contact information
  2. Builder Contract
    • Contract from builder listing completion date, total dollar amount, change request policy, etc.
    • Copy of builder’s license
  3. Construction Cost Breakdown
    • Line-by-line explanation of costs
  4. Plans and specifications for the home to be constructed
    • Room-by-room specifications on material choices
Apply Now
 
Construction Loans
Construction Loans

Enjoy a smooth construction process by gathering your paperwork before you dig.

Begin your application by clicking Apply Now below. Here are the documents we’ll need next:

  1. Income & Assets
    • Year-to-date paystub
    • Two years Federal tax returns
    • Two months’ bank statements
    • Evidence of lot purchase, if applicable
    • Insurance agent’s name and agency contact information
  2. Builder Contract
    • Contract from builder listing completion date, total dollar amount, change request policy, etc.
    • Copy of builder’s license
  3. Construction Cost Breakdown
    • Line-by-line explanation of costs
  4. Plans and specifications for the home to be constructed
    • Room-by-room specifications on material choices
Apply Now
 
Construction Loans

Build Your Dream Home with A Construction Loan

Building a home is a big project. We’re here to make the financing feel simpler. Whether you're working with a contractor or building on your own, our construction loans offer flexible financing to help you turn your vision into reality. With competitive rates and a team of experienced construction lenders, we’re here to guide you from blueprint to final inspection.


Construction Loan Features

  • Competitive Rate
  • Local Expertise
  • Low 1% Origination Fee
  • 12-Month Construction Term
  • Up to Two Draws per Month
  • Interest-Only Monthly Payments
  • Refund of up to $500 in Fees if the Loan is Paid Off Before 9 Months
Apply Now
 

What You Can Use a Construction Loan For

Our construction loans support a range of residential projects, including:

  • Ground-Up Home Construction
  • Major Remodels or Structural Additions
  • Modular or Manufactured Homes
  • Owner-Builder Projects*
Learn More
Construction Loans
Repairs in the apartment.

What You Can Use a Construction Loan For

Our construction loans support a range of residential projects, including:

  • Ground-Up Home Construction
  • Major Remodels or Structural Additions
  • Modular or Manufactured Homes
  • Owner-Builder Projects*
Learn More
Construction Loans

Why Build with Us

Flexible Loan Options We offer both traditional construction loans and owner-builder loans, so you can choose what fits your project and timeline.
Clear, Competitive Terms You’ll get straightforward pricing and fixed-rate options designed to support long-term planning.
One-on-One Support Our lending team supports you through applications, inspections, and draw schedules, so you always know what comes next.
Local Lending, Local Knowledge With deep roots in Idaho, we understand the local building requirements and processes, helping you avoid delays and surprises.

Apply Now
 

Ready to Get Started?

Contact our Real Estate Lending team today to learn more and get pre-qualified for your construction loan.

 
Apply Now
 
scaffolding on a site

What You’ll Need to Apply

Gathering your documents early can help keep things moving. We’ll ask for:

  1. Income & Assets
    • Year-to-Date Paystub
    • Two Years of Federal Tax Returns
    • Two Months of Bank Statements
    • Proof of Lot Purchase, if Applicable
    • Insurance Agent Agency Contact Information
  2. Builder Information
    • Signed Builder Contract with Completion Timeline & Pricing
    • Copy of Builder’s License
  3. Construction Details
    • Line-by-Line Cost Breakdown
    • Plans & Specifications
    • Room-by-Room Material Selections
Learn More

Why Build with Us

Flexible Loan Options We offer both traditional construction loans and owner-builder loans, so you can choose what fits your project and timeline.
Clear, Competitive Terms You’ll get straightforward pricing and fixed-rate options designed to support long-term planning.
One-on-One Support Our lending team supports you through applications, inspections, and draw schedules, so you always know what comes next.
Local Lending, Local Knowledge With deep roots in Idaho, we understand the local building requirements and processes, helping you avoid delays and surprises.

Apply Now
 
Construction Loans

Build with Confidence

Construction can be complicated, but your financing doesn’t have to be. We’re here to support your build with clear guidance, flexible options, and a team you can count on. Ready to apply? Contact one of our construction lenders today or click below to get started on your loan application. *For qualified members

 
Apply Now
 

Beehive offers mortgage loans, even in areas where flood insurance is required. The National Flood Insurance Program (NFIP) is a federal program that provides flood insurance, manages floodplains, and develops flood hazard zones. Federal law mandates flood insurance for members borrowing funds in high-risk areas.

Can you remove the flood insurance requirement? Members can hire a qualified surveyor to perform an elevation certificate for their home. This certificate, along with an application, can be submitted to FEMA for a Letter of Map Amendment (LOMA). A LOMA is an official amendment to an NFIP map, establishing whether a property is in the Special Flood Hazard Area (SFHA). LOMAs are typically issued when a property was mistakenly identified as being in a floodplain but is actually on natural high ground above the base flood elevation. Once issued, the LOMA becomes part of the public record and must be maintained by the community.

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