6 Construction Loan Lenders in Kankakee, Illinois in 2026

Lendersa® features a diverse list of construction loan lenders in Kankakee, IL, which includes regional banks, national banking institutions, and local hard money lenders. These lenders make use of private funds to support your ground-up construction or significant renovation projects.

In Kankakee, IL, lenders determine construction costs for a 2,000 Sq Ft home, ranging from $212,187 for basic builds to $385,610 for more luxurious projects. The interest rates and terms for these loans are contingent upon borrowers' financial profiles, including the LTV, ARV, and the type of lender selected.

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Using Lendersa®'s sophisticated AI technology, you'll find all your construction financing needs met by instantly matching your loan request with an extensive network of construction lenders. This enables you to access the best available construction rates for funding ground-up construction, fix N flip, or major renovations on residential and commercial properties in IL.

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Avoiding unnecessary inquiries is crucial for maintaining a good credit score. Secure preapproval for your land loan without needing to provide your social security number or any sensitive financial details.

Consider the option of 100% LTV (Loan to Value) financing by agreeing to pledge additional property in a blanket loan arrangement.

Utilize the Lendersa® land loan calculator to identify vacant land loan lenders in zip codes 60901.



Kankakee Construction Loan Lenders

  • CommonWealth Credit Union
  • 563 William Latham Drive, Bourbonnais, IL, 60914
  • Lends in Illinois
  • It grew to become CommonWealth Credit Union, a multi-site, full-service financial cooperative that is now community chartered to serve anyone who lives or works in Kankakee, Ford, Iroquois, Livingston, Kendall, Grundy, or Will Counties. CommonWealth Credit Union is the largest credit union in Kankakee County.

  • State Bank of Herscher
  • 10 Tobey Drive, Herscher, IL, 60941
  • Lends in Illinois
  • The State Bank of Herscher was chartered in 1902 by a group of residents who understood what a local bank meant for the well-being of their community. The growth that we have experienced since that time has allowed us to move to our present location in Herscher as well as expand to Limestone.

  • National Bank of St. Anne
  • 158 W Station Street, Saint Anne, IL, 60964
  • Lends in Illinois
  • National Bank team of hard-working community members that help our neighbors with all things banking - when you grow, we grow. We know customers are always striving for more, and being the locally trusted financial leader, we are giving our customers personalized options that make banking simple, yet effective

  • First Bank of Manhattan
  • 230 South State Street, Manhattan, IL, 60442
  • Lends in Illinois
  • The First Bank of Manhattan has been providing high quality, full service personal and business banking services to Manhattan and our neighboring communities of New Lenox, Elwood, Wilmington and Wilton Center.
    The bank offers a full range of deposit products such as Checking, savings, CD’s, IRA’s, children’s and teen’s accounts.

  • First Community Bank and Trust
  • 1111 Dixie Highway, Beecher, IL, 60401
  • Lends in Illinois
  • First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 100 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service.

  • First Trust and Savings Bank
  • 120 East Walnut Street, Watseka, IL, 60970
  • Lends in Illinois
  • At The First Trust and Savings Bank, we believe that banking is personal and relationships are valued. It is important to take the time to visit with you about the many issues that affect your finances and your future. Our objective is to match you with the product and service that is right for your needs, from checking.

  • Federated Bank
  • 107 North Chestnut, Onarga, IL, 60955
  • Lends in Illinois
  • At Federated Bank, you can still find great hometown service. That has been our way of doing business since since our founding in 1918 (read about it here). Today Federated is a community bank offering complete personal banking, business banking, and trust services in North Central Illinois along Interstate 57.

  • Rental Property Lending Group of America, Inc
  • 12533 Surrey Ct, Mokena, IL, 60448
  • Lends in Illinois
  • Our main goal is to help real estate investors grow their rental portfolios sooner rather than later. We offer a one stop shop program to acquire and rehab property with a line of credit that can be termed out with NO value seasoning up to 75% of fair market value. This strategy will allow you to recycle the same money over and over again.

  • Royalty Elite Mortgage Corp
  • 19624 Governors Highway, Suite 1, Flossmoor, IL, 60422
  • Lends in Illinois
  • Royalty Elite Mortgage Corp. is a Residential/Commercial mortgage brokerage company based in Flossmoor, Illinois. We serve as a premier provider of financial and strategic support for all of your real estate financing needs. Your home mortgage is a major financial commitment, and one of the most important decisions you'll make.

  • Morris Building & Loan
  • 211 E Jefferson St, Morris, IL, 60450
  • Lends in Illinois
  • Morris Building and Loan is a branch of First Secure Community Bank that serves residents of Morris and the surrounding areas. We offer a full range of personal and business banking products. We have been proud to serve the Morris area for more than 100 years.

    Member FDIC. Equal Housing Lender.