As low as 4.99% Interest Rate^ / 7.641% APR^
To qualify for the promotional rate, borrower must have or open a Cornhusker Bank Power
Checking account with active direct deposit prior to loan closing.
^12 month construction loan with as low as a 4.99% interest rate. At a 4.99% interest rate, the APR
for a $400,000 construction loan under this program would be 7.641%. The payment schedule for
a $400,000 construction loan would be: 11 monthly interest only payments of $847.62 and 1 balloon
payment of $400,847.62 due at maturity. Payments do not include amounts for taxes and insurance
premiums, your actual payment obligation could be greater.
^Origination Fee: Our standard $500 origination fee plus 1% of the loan amount will be charged
to you at closing on your construction loan. You will receive a lender credit for the 1% portion of
the origination fee at closing on your permanent financing with Cornhusker Bank. You will not
receive credit back for the standard $500 origination fee. If permanent financing does not
close with Cornhusker Bank, the 1% fee will not be credited back to you.
^This special loan program is only available for a limited time, please contact a lender to discuss availability.
^This offer is only available for new build 1st lien consumer construction loans.
Power Checking - 4.26% APY*
A few simple steps can earn you more interest. Visit our Power Checking page for more account details.
Act now! Don’t miss this limited-time offer to build with confidence and save.
- Competitive summer-only rates
- Personalized financing option
- Local support from application to completion
Let's Build It Together!
From blueprints to move-in day, Cornhusker Bank’s Construction Loan Special is designed to make building your new home easy and affordable.
Call Tyler to get started today. 402-434-2257
Tyler Rains
VP Construction Loan Specialist
NMLS# 831907
Tyler.Rains@Cornhusker.Bank
Our local mortgage team will work with you and your builder to make everything as seamless and efficient as possible. You can expect our team to be there for you well beyond closing with local servicing for the life of your mortgage loan.1
Home Loans - apply in as little as 20 minutes.
- Apply now and complete the application.
- When you have completed the application, click submit and your information will be reviewed.
- A Cornhusker Bank Loan officer will follow up after your application is submitted or you can call 402-434-2265 if you have questions.
Today's Rates
Homebuyer Assistance Programs
You’ve found your dream home and our loan officer tells you you’re approved for a mortgage, but you’re just short of the cash you need to close on your loan. Now what? Cornhusker Bank partners with Federal Home Loan Bank (FHLBank) to offer the options below to bridge a closing cost and down payment gap. Talk to the Cornhusker Bank Mortgage Team for more details and eligibility.
Homeownership Set-Aside Program (HSP)
Cornhusker Bank partners with Federal Home Loan Bank (FHLBank) to offer the Homeownership Set-Aside Program (HSP) to assist low- and moderate- income first-time homebuyers.
The HSP provides down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the Area Median Income for households purchasing or constructing homes in Nebraska.
2026 HSP Details
- Applications open March 2, 2026
- Subsidy per household: $2,500 - $15,000
- Available on a first-come, first-served basis
- Income limits apply by county
- Homebuyer Education is required
Cornhusker Bank Extended Rate Lock Option
Lock in and relax
The rate lock you choose when building a new home can be consequential. What if interest rates rise before the home is finished, and your monthly payments become out of reach? Or rates drop — and you’d like to take advantage of the lower rate?
To keep your new home safe and secure, we enhanced our rate lock policy. With our new Extended Rate Lock, your rate is protected for up to 360 days — that’s almost an entire year!
And our rate lock isn’t just more durable — it’s more flexible, too. If rates drop before your home is finished, we offer a one-time float down option within 60 days of closing. Along with that, we offer local servicing of your mortgage with the ability to refinance at a low cost in the future.
Our Extended Rate Lock Highlights:
- Lock terms available for 120, 180, 270, and 360 days
- A one-time float down option within 60 days of closing
- Use with Fixed-rate and Adjustable-Rate Mortgages
- Fees may apply, please contact your loan officer for more information
With a Cornhusker Bank home loan, you'll get:
- Competitive Rates and Fees
- Clear and Responsive Answers
- In-house Approvals and Loan Servicing
- Exceptional Client Service
T. Michael Barrett
Mortgage Lending Officer
NMLS #732657
Andrew Essay
Mortgage Lending Officer
NMLS #422494
402-434-8496
8310 O Street
Lincoln, NE 68510
Melissa Folsom
Mortgage Loan Originator
NMLS #2385105
402-434-6771
8310 O Street
Lincoln, NE 68510
Matthew S. Gutschenritter
Mortgage Lending Officer
NMLS #422482
402-434-2267
8310 O Street
Lincoln, NE 68510
Luke Mitchell
VP/Private Mortgage Banking NMLS #732679
402-434-2224
6100 Apples Way
Lincoln, NE 68510
Tyler Rains
VP/Portfolio Mortgage Loan
Officer
NMLS #831907
402-434-2257
8310 O Street
Lincoln, NE 68510
Additional Mortgage Resources
1 Not all mortgage loans qualify for the local servicing program. Please contact a mortgage lender for details.
*Annual Percentage yield (APY) effective as of 1/14/2026. All activity requirements must be met to earn the 4.26% APY. The non-qualified APY is 0.05% for accounts not meeting all activity requirements. For accounts meeting activity requirements, if your average daily balance is $25,000 or less, the APY will be 4.26%. If the account meets all activity requirements and your average daily balance is greater than $25,000, the APY for this tier will range from 4.26% to 2.21%, depending on the balance in the account. (The APY range for this tier was calculated based on average daily balances between $25,000.01 and $50,000. APY can vary based on account balance.) To earn the higher APYs, the following three activity requirements must be met. First, at least 18 debit card transactions must post to the account each statement cycle. Please note that these transactions may not post to the account on the same day that the transaction occurred. Pin-based or signature-based point-of-sale transactions are the only transactions that count. ATM transactions do not count toward the 18 required transactions. Second, enrollment in e-statements is required to earn the higher APYs. Third, at least one direct deposit must post to the account per statement cycle. All Power Checking account statements will be generated as of the last business day of the month. Power Checking is a variable rate account, and the interest rate and APY may change at any time at the bank’s discretion. The average daily balance method is used to calculate the interest on this account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. There is a $100 minimum opening deposit for this account.