Michael Muñoz
Senior Loan Officer
Union Savings Bank
NMLS #2900849
Construction and lot loans
Building a home in Central Ohio?
From the lot to move-in day, with one local lender. Union Savings Bank keeps its construction and lot loans in-house, so you deal with people who know Delaware County, not a call center.
How it works
- 1
Buy the lot
Found the land? A lot loan lets you buy it now and build when you’re ready. Already own it? Bring it to the table.
- 2
Pick your builder and plans
Your builder prices the home. We look at the plans, the budget and your finances together, before you sign anything big.
- 3
Build
One closing covers the build. Money goes out as the work gets done, so you and your builder stay on track.
- 4
Move in
When the house is finished, the construction loan becomes your mortgage. No second closing.
What we offer
Lot loans
For buyers who plan to build their own home on the land.
Construction-to-permanent (one close)
Build the house, then the same loan rolls into your mortgage.
For builders
Pre-sold and spec construction, lot financing and land development loans for subdivisions.
Questions people ask
Can I buy the lot now and build later?
Yes. Our lot loan is for buyers who intend to build their own home on the land. When you’re ready, the construction loan picks up from there.
Do I need two loans and two closings?
No. Our construction-to-permanent loan closes once: it pays for the build, then becomes your mortgage when the home is done.
Who decides on my loan?
We do, here. Union Savings Bank keeps these loans in-house, so processing, underwriting and closing happen at the bank, with common-sense decisions for builds that don’t fit a standard box.
Do you work with builders?
Yes. We finance pre-sold and spec homes, builders’ lots and land development. If your builder needs financing too, I’ll connect them with the right person.
What does it cost to get started?
Getting pre-approved is free. A full loan application costs $250, plus an appraisal in some cases. I’ll walk you through every cost before you decide.
Ready when you are
Call, text or book a time. You get me, a real person, from the lot to the closing table.
Start my applicationOpens Union Savings Bank’s secure application.