So you've designed your dream home and picked out the perfect site for it. What now? Come to us for a construction loan and start building!

The following are guidelines for GA Power Valdosta FCU construction loans:

• Construction loans are processed and administered by Credit Union Financial Services (CUFS) and its designated agents on behalf of GA Power Valdosta FCU.
• Initial member applications and credit review procedures are conducted by Credit Union staff.
• Members will submit their plans and specs to the Credit Union for review by CUFS.
• The permanent financing will be approved for sale on the secondary market (Freddie Mac) prior to any monies being advanced on the construction loan.
• Maximum amount is $252,700.00 (the current maximum amount which Freddie Mac will buy).
• Maximum maturity for any construction loan will be 12 months from the initial draw. CUFS will monitor all draw requests and inspections.
• Construction loans will be granted only for properties located in the state of Georgia, due to inspections.
• Members are required to carry builder's risk insurance during construction.
• Members will be responsible for all closing costs and fees ($30 for pre-approval, $310 for appraisal fee plus all closing costs).

Please contact us for more information on loans. Click here for rates and terms on GA Power Valdosta FCU loans.