HOME CONSTRUCTION

Are you considering building a home?

what you need

Wadena State Bank offers home construction financing. Here’s what we need to consider financing your next construction project:

  1. Completed real estate application
  2. 2 years Federal Tax returns
  3. 1 month of current pay stubs from each applicant
  4. Blueprint or floor plan of proposed home design
  5. Complete material estimate
  6. Contractor estimate

Once we have approved your application on income and credit, the next step is to order an appraisal on the home design. Wadena State Bank offers financing up to 80% of the appraised value. Stop in and visit with us about your plans; we’ll do our best to make your goal of building come true!

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