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Construction loan lenders in Michigan

Local and national specialists financing new-home and owner-builder construction across Michigan — with cost-to-build context to size your loan.

Quick answer

Construction loan lenders in Michigan offer one-time close, two-time close, owner-builder, and FHA/VA/USDA programs. Conventional builds typically need 20–25% down; FHA can be 3.5% and VA/USDA 0% for eligible borrowers. Get matched free to compare specialists serving Michigan.

Michigan cost to build · via StartBuild

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Michigan directory

Lenders serving Michigan

US Bank ✓ Verified

📍 All 50 states
One-Time CloseOwner-Builder2nd Mortgage / HELOCLand

Specializing on Construction to Perm Financing for Owner Occupied, Second Homes, ADU and Barndominium Properties. Will do OWNER BUILDER on case by case basis. Lot Financing Available. LENDING IN ALL 50 STATES!!!

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Consumers Credit Union

📍 MI
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Dart Bank

📍 MI
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Genisys Credit Union

📍 MI
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Lake Michigan Credit Union

📍 MI
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Michigan First Credit Union

📍 MI
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Union Bank

📍 MI
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United Bank of Michigan

📍 MI
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West Michigan Community Bank

📍 MI
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West Shore Bank

📍 MI
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Construction loans in Michigan — FAQ

What down payment do Michigan construction lenders require?
Conventional construction loans in Michigan typically need 20–25% down; FHA one-time close can be 3.5%, and eligible VA and USDA borrowers may put 0% down.
Can I get an owner-builder construction loan in Michigan?
Yes — some lenders serving Michigan offer owner-builder programs, though approval is stricter than with a licensed general contractor. Get matched to compare them.
How do I compare construction loan lenders in Michigan?
Compare the loan programs each lender actually originates (one-time close, two-time close, owner-builder, FHA/VA/USDA), their minimum loan amounts, and their true service area — or get matched free with specialists serving Michigan.

Nearby: Ohio · Indiana · Wisconsin

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