5.99% Interest Rate / 8.652% APR
*12 month construction loan with a low 5.99% interest rate. At a 5.99% interest rate, the APR for a $400,000 construction loan under this program would be 8.652%. The payment schedule for a $400,000 construction loan would be: 11 monthly interest only payments of $984.66 and 1 balloon payment of $401,017.48 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.
Flexible 12-Month Extended Lock 5/1 ARM: Secure a competitive rate with a float-down option, exercisable within 60 days of closing on permanent financing for maximum savings.
This special loan program is only available for a limited time, please contact Tyler Rains to discuss availability.
This offer is only available for 1st lien consumer construction loans.
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 Summer 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
1 Not all mortgage loans qualify for the local servicing program. Please contact a mortgage lender for details.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.
2025 HSP Details
- Applications open March 3, 2025
- 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
Additional Mortgage Resources
1 Not all mortgage loans qualify for the local servicing program. Please contact a mortgage lender for details.
2 Talk to your mortgage lender about receiving a $500 credit toward the closing costs of any home purchase or new construction home loan with Cornhusker Bank. Closing cost credit is for consumer purpose loans only. Expires 06/30/2025 and is subject to qualification, approval, and closing. This does not waive any terms or conditions of the purchase or loan. Cash value 1/100 of one cent. New mortgage customers only. One discount per customer. Not valid with other offers. Certain terms and conditions apply. Consult your lender for full details.
2 Talk to your mortgage lender about receiving a $500 credit toward the closing costs of any home purchase or new construction home loan with Cornhusker Bank. Closing cost credit is for consumer purpose loans only. Expires 06/30/2025 and is subject to qualification, approval, and closing. This does not waive any terms or conditions of the purchase or loan. Cash value 1/100 of one cent. New mortgage customers only. One discount per customer. Not valid with other offers. Certain terms and conditions apply. Consult your lender for full details.