Construction loans for Aberdeen, SD [2025 AI lenders ]

Lendersa® provides an extensive listing of construction loan lenders based in Aberdeen, SD. This comprehensive catalog features not only regional banks and national lenders but also local hard money lenders who utilize private capital to support your ground-up construction projects or major rehabilitation efforts. Whether you are tackling an ambitious new build or embarking on a significant renovation, the financial institutions included here are equipped to meet a wide variety of construction needs.

In terms of estimating construction costs in Aberdeen, SD, lenders typically evaluate the expenditure for a 2,000 square foot home. The costs begin at $163,514 for basic construction requirements, escalating to approximately $299,944 for more elaborate and intricate designs. Variations in the interest rate and terms of construction loans can occur, influenced by the borrower's financial profile, factors like the Loan-to-Value (LTV) ratio, the After-Repair Value (ARV), and the specific type of lender that is selected.

The magic of using the construction loan calculator

To comprehensively address all your construction financing requirements, Lendersa® employs advanced AI technology to instantly align your loan requests with numerous construction lenders. This technological matching allows you to discover prime construction rates necessary to fund ground-up builds, fix N flips, or substantial renovations on both residential and commercial properties within SD.

Are there construction loan lenders close to you?

To protect your credit score, it's vital to minimize unnecessary inquiries. Lendersa® offers a solution by enabling preapproval for your land loan without disclosing your social security number or other sensitive financial data.

You could potentially qualify for 100% LTV (Loan to Value) financing by pledging additional property as security, often referred to as a blanket loan, facilitating increased financial leverage.

Utilize the Lendersa® land loan calculator to discover lenders who provide vacant land loans across the specified zip codes: 57401. This tool supports an informed search for ideal lending options suited to your geographic and financial criteria.

(605) 589-3313 Lender's profile and map Reviews Security State Bank PO Box 9, Tyndall, SD, 57066 Security State Bank was established in 1932 in rural South Dakota and has been building strong client relationships ever since. We first opened our doors in Tyndall, SD, and have since expanded to Chancellor, Viborg, and across the border to Jackson and Heron Lake, MN. As a local Midwest business.
(218) 631-1414 Lender's profile and map Reviews Mid Central Federal Savings Bank 520 South Jefferson St, Wadena, MN, 56482 Mid-Central National Bank has been a partner in this area’s progress since 1957. We have helped consumers and businesses alike to prosper for over 50 years by providing superior services to our customers. Our staff of experienced professionals will respond to your financial needs in a timely and effective manner.
(507) 637-1015 Lender's profile and map Reviews HomeTown Bank MN 1000 East Cook St, Redwood Falls, MN, 56283 HomeTown Bank has been providing customers with the most innovative financial services & solutions. HomeTown Bank is proud to give back to the communities we serve through donations,volunteering, partnerships & ongoing support. As a community bank, HomeTown Bank Strives to personally get to know customers,build strong relationships they can trust.
(701) 780-5733 Lender's profile and map Reviews MED PARK CREDIT UNION 1200 South Columbia Road, Grand Forks, ND, 58201 The Med Park Credit Union exists as a stable financial organization. It provides members services that will encourage them to accumulate savings, provide them a source of credit and to help educate them that they can attain their optimal level of financial security and independence.
(701) 795-3357 Lender's profile and map Reviews Alerus Financial 401 Demers Ave, Grand Forks, ND, 58201 With roots tracing back to 1879, Alerus is a diversified financial services company with approximately $31.5 billion in assets under administration/management. We provide business and consumer banking products and services, residential mortgage financing, employer-sponsored retirement plans and wealth management services.
(888) 330-8482 Lender's profile and map Reviews Magnifi Financial 20 S 4th Avenue E, Melrose, MN, 56352 Magnifi Financial is a member-owned financial services cooperative headquartered in Melrose, Minnesota. Magnifi offers a full array of financial products and services including consumer checking, savings, loans, mortgages, credit cards, internet and mobile banking, retirement and financial planning services as well as business accounts and loans.
(888) 330-8482 Lender's profile and map Reviews Central Minnesota Credit Union 20 4th Ave SE, Melrose, MN, 56352 Central Minnesota Credit Union was built from the ground up by its members since 1939. The credit union was chartered in Melrose under the philosophy of ‘people helping people’. Every member is an owner and dividends are returned through better rates on savings and loans and lower fees.
(701) 858-9300 Lender's profile and map Reviews North Star Community Credit Union 109 Central Ave, Maddock, ND, 58348 The mission of North Star Community Credit Union is to deliver financial solutions, one person at a time. North Star Community Credit Union is proud of its ever expanding member reach and currently provides financial service at 12 locations throughout the state of North Dakota. North Star Community Credit Union Full service financial credit union.
(507) 550-1678 Lender's profile and map Reviews The Wanda State Bank 121 W Main, Wanda, MN, 56294 The State Bank of Wanda was incorporated as a 30-year charter on July 7, 1902. After the “Bank Holiday” under a new charter dated June 1, 1932, our name was changed to The Wanda State Bank. With 89 years of banking excellence, The Wanda State Bank has experience you can count on.