3 Construction Loan Lenders in Ely, Minnesota in 2026
Lendersa® provides a comprehensive listing of construction loan lenders in Ely, MN, featuring options such as regional banks, national lenders, and local hard money lenders who offer private financing for both ground-up constructions and substantial renovation projects.
In Ely, MN, lenders estimate the cost to construct a 2,000 square foot home from $187,406 for basic builds to $343,575 for more luxurious finishes. The interest rate and terms of construction loans vary considerably, influenced by the financial background of borrowers, the loan-to-value (LTV) ratio, after-repair value (ARV), and the type of lender chosen.
Unveiling the magic of our construction loan calculator
With precision and efficiency, Lendersa® employs its advanced AI technology to seamlessly match your loan request with a wide array of construction lenders, ensuring every aspect of your financing is addressed. You can uncover highly competitive construction rates tailored for ground-up projects, fix N flip endeavors, or major rehab tasks on residential and commercial properties within MN.
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Preserve your credit standing by avoiding unnecessary inquiries. Secure preapproval for a land loan without revealing your social security number or other sensitive personal information.
By agreeing to use additional property as collateral, you could be eligible for 100% LTV financing through a strategic blanket loan.
Utilize Lendersa®'s land loan calculator to identify vacant land loan providers in specific zip codes 55731.
The NorthRidge Community Credit Union is a progressive, family oriented, member owned and operated financial organization offering a broad range of personalized financial services including auto loans, personal loans, mortgage loans, commercial loans and deposit products including Kasasa rewards checking.
We offer a wide variety of checking accounts and savings plans to suit your special needs. As we are an independent bank serving the Iron Range area since 1908, our products and services are designed for customers within our local community. We're here to serve you, in a prompt, efficient, and friendly manner.
The Miners National Bank of Eveleth is an independent, family-owned, community bank located in downtown Eveleth. Established in 1903, we are a full service institution specializing in personalized service for all your personal and business needs. To help you keep up with the fast pace of the world today, we offer you access to your account info.
People in the Two Harbors area who believed townspeople could benefit from an alternative to commercial banks founded THFCU in 1948. Founders envisioned a model financial cooperative where people pooled their money for borrowing and would have a safe place to save money. In contrast to a commercial bank, the "credit union
In 1943, people in the Hermantown community came together to create a credit union to give themselves & their neighbors a trusted, local financial solution. We proudly served members of the Duluth Homestead Association & patrons of the Hermantown Community Store. We provide financial education and banking solutions to help people understand.
Since 1928, Northern Communities Credit Union has been serving our members and our communities in Northern Minnesota. We started out in the “new” Duluth City Hall when it was first built in 1928 and were formerly known as the Duluth City and County Employees Credit Union, to serve employees of the City of Duluth and St. Louis County.
Western Bank has been committed to servicing our customers & the local community for over 100 years. As a hometown bank with local decision-making, we are dedicated to producing & offering to our community a wide range of banking services of exceptional value. Utilizing talented, knowledgeable employees & quality, highly accurate delivery systems.
Park State Bank is a full service financial institution that has been serving the good people of Minnesota since 1916. We have a long history of meeting the financial needs of the Steel Workers of the Morgan Park Steel Plant until its closing in the 1980s. In 1997 we built an office in Lincoln Park neighborhood, where we found an active community.
30 West Superior Street, Suite 126, Duluth, MN, 55802
Lends in Minnesota
Minnesota Power Employees Credit Union (MPECU) is a member-owned, not-for-profit financial cooperative, whose primary mission is serving our member/owners. Minnesota Power Employees Credit Union was founded in 1933. During our first 61 years, we only served the employees and family members of Minnesota Power.
North Shore Bank is a locally-owned and managed, independent, community bank that has been operating in the Duluth area for over 100 years. We proudly offer a full array of traditional personal and business banking products, mortgage services, and a full selection of trust & investment services all handled by our experienced and professional staff.
