Skip to content

Build the home of your dreams with construction loans from Bellco FCU in Berks County, PA. We can help you go from empty lot, to construction, to mortgage with low rates and flexible terms… all with the people you know and trust.

Bellco FCU is a member-owned, not-for-profit federal credit union. We are not in business to maximize profits for shareholders and, instead, utilize earnings from interest on loans and credit cards to provide members with better rates and fewer fees on construction and mortgage loans, personal loans, checking accounts and other convenient services.

Learn More


What is a Construction Loan?

If you are planning to build a new home, you’ll need a loan that enables you to draw out money during the construction period to pay your contractor and subcontractors.

The construction loan is usually combined into one loan that includes the construction phase and your permanent home mortgage, with a single loan closing. Money is disbursed during construction based on the inspection of the property and the percentage of completion of the home, and interest-only payments are required during the construction draw period.

When construction is finished and a certificate of occupancy is issued, the loan converts into your permanent home mortgage, and regular mortgage payments based on the permanent loan interest rate and the loan term begin.

Bellco FCU offers affordable construction loans and flexible terms. Loan decisions, processing, and draws are all done in Berks County, PA. We’ll work closely with you during the entire process to help you save time and money.

Are You Eligible to Join Bellco FCU?

Joining Bellco FCU is a simple process; the investment is small and the rewards are huge. You are eligible to join if:

  • You live, work, worship, or go to school in Berks County, PA
  • You are in the immediate family (spouse, parents, children, siblings, grandparents) of a Bellco FCU member, no matter where you live

By opening a primary savings account with as little as $5 and following a few simple steps, you can become a member. And, once you join Bellco FCU, you are welcome to remain a member for life, regardless of where you live or work.

Bellco FCU has two convenient branches in Wyomissing and Sinking Spring, PA. Members also have access to 5200+ CO-OP branches nationwide and around the world where they can get account access and answers to their questions, even when away from home.

Bellco FCU also provides its members with nationwide access to thousands of surcharge-free ATMs; fast, free and easy to use online banking and bill pay services; and three convenient forms of mobile banking via web browsing, app download, and text banking.

Apply for a construction loan today from Bellco FCU in Berks County, PA, and start building your dream home sooner than you imagined! Contact us to learn about our services.