Loans to fund your construction.
Are you thinking of building a new home in southeast New Mexico? We have a variety of New Mexico home construction loans available for most credit and income situations. We make local decisions and have greater flexibility on quick loan decisions. A construction loan is a short-term (usually about a year) used to fund the construction of your home, from breaking ground to moving in. With a Pioneer Bank construction loan, your construction financing would refinance to a permanent mortgage when your home is complete. During construction, you only pay the interest on your loan, and your payments may be tax-deductible1. For construction loan rates, please consult your local lender below.