Special prepayment privileges
Pay off your mortgage faster by taking advantage of our self-build prepayment feature. It allows you to apply, without penalty, a one-time prepayment above the 20% allowance that comes standard with all SCU mortgages. Ask us for details.
Benefit from progress inspections
Throughout the build, an appraiser will perform periodic progress inspections to confirm you’ve completed a portion of your home’s construction. This is to ensure you’ll have sufficient funds throughout the entirety of the project and help protect you from cost overruns.
The value of sweat equity
The work you put into building your own home has value called sweat equity. Let us assign a dollar value to your sweat equity. This will ensure you have sufficient funds to complete your build in the event you need to hire sub-contractors. It will also help you accurately determine the total value of your completed home.
Preapprovals made easy
When you’ve saved enough for a down payment, we’ll sit down with you to show you all your available mortgage options. Together, we’ll determine what mortgage amount you qualify for and give you a guaranteed rate for a period of 90 days. See our list of preapproval requirements.