Land, Construction & Mortgage Loans

Construction Mortgage Loans WI and IL

Mortgage Construction Loans

Are you planning on building? Check out Blackhawk’s "Construction to End-Loan" advantage!

From finding the perfect land, to ground-breaking to move-in, you’ll get special advantages when you obtain your lot, construction and end-loan (permanent mortgage financing) from Blackhawk Bank.  Extended lock options are available on your permanent financing.

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Construction Loan Fees

  • Standard Closing Costs Apply Plus 1 Refundable Point
  • Refundable Point - Blackhawk Bank will refund 1 Point to you at the time of your permanent mortgage closing with Blackhawk Bank

Getting a Construction Loan

  • You may borrow up to 95% of the total land and construction cost.
  • The land purchase is the first payout on the construction loan, thus paid for at closing.
  • Both the construction loan and the permanent loan are approved simultaneously.
  • To reduce interest expense, funds from your down payment will be used prior to accessing the funds of the construction loan.
  • All payouts will be made through a title company.
  • All projects must utilize an established Building Contractor.


  • Signed, Sworn Statement for Contractor
  • Copy of Plans and Specifications
  • Builder’s Risk Insurance
  • Signed Construction Contract
  • HUD-1 Settlement Statement / Closing Disclosure for Purchase of Lot

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