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New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
New home construction in Spokane Valley, Washington.
Build Your Dream Home in Washington

Washington Construction Loan Calculator

$
$
$
6,469Your Estimated Monthly Payment
  • $0
    Principal & Interest
  • $2,689
    Taxes
  • $3,780
    Insurance
  • Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
  • Loans are subject to credit approval. Restrictions and limitations may apply.
  • 0.768333% tax rate used in estimate.
  • Rates for owner occupied homes only.
  • This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements.
  • Ask us about additional available loan programs.
  • Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
  • Loans are subject to credit approval. Restrictions and limitations may apply.
  • 0.77% tax rate used in estimate.
  • Rates for owner occupied homes only.
  • This calculator is for educational purposes only, and may not represent WaFd Bank’s lending program requirements.
  • Ask us about additional available loan programs.

Construction Loans in Washington State

Let's build your Washington dream home together. Our local professionals specialize in home construction loans and work with you and your builder from application through completion of your new home. We handle all draws and inspections during construction.

How does a construction to permanent loan work?

WaFd Bank is unique when it comes to construction loans and home building financing in Washington. With our All-in-One Construction to Permanent Loan, construction and permanent financing are conveniently rolled into one loan, so your permanent interest rate is locked in before you break ground. That means no requalifying or second appraisal after your Washington home is built. With our cross-collateral loan program, you may be able to wait to sell your current home until after you move into your new home.

Our Custom Construction Loan Advantage

Benefits of working with WaFd Bank
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
We have competitive mortgage rates and will be with you every step.
You can quickly and securely apply online in minutes.

Your local Washington loan officer can help you get started

Building a house with plans

Construction-to-Permanent Loans Explained

Lot for sale sign

4 Things to Consider BEFORE You Break Ground

Construction house plans

Should I buy or build a home?

Built Construction and WaFd Bank logo

WaFd Bank has partnered with Built to streamline draws, inspections and more.

Learn how Built worksarrow-right

Washington Construction Roadmap


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Set Objectives
Meet with your architect or builder to plan your dream home.
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Project Planning
Set your budget, determine the scope of work, and establish a timeline for completion.
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DIY or Contractor?
Doing it yourself or working with a builder? We can work with you either way. Our custom construction loan officers at your local WaFd Bank branch will walk you through the process of completing your project.
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Begin Construction
Our custom construction loan officers work with you to manage payouts to your builder each month as construction progresses from beginning to end.
Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*

Frequently Asked Questions

See More FAQsarrow-right
info-circleStill can't fine what you are looking for? Contact your local branch or call us 24/7 at 1-800-324-9375.

Want more help? Come See Us

If you've done all your research and still want help with your construction loan, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.


* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.