Construction Loans

Construction Loans

That you want to build on or are interested in purchasing land and building a new home, Metairie Bank can provide financing from $100,000 to $4,000,000 through a one-closing construction loan where you can avoid the cost and hassle of closing twice whether you already own the land. This particular loan features closing that is low that are compensated just once and offers an interest that is locked-in during the time of application for the construction and permanent percentage of the mortgage. Review the actions below and provide us a call to start building your ideal house.

Arrange a pre-qualification conference by having a Metairie Bank construction loan expert. A pre-qualification will figure out if the mortgage quantity you will need is at your financial allowance. Give us a call at 504-834-6330 or 985-674-2255, or perhaps you can e-mail us at mortgage@metairiebank.com.

Information on your ideal House

Thoughts is broken pre-qualified, finalizing your house plans and getting a builder are your steps that are next.

  • Building Plans – In purchase to initiate the assessment, your loan originator requires a couple of your home plans (blueprints). The plans want to show elevation and dimension. You can easily submit your plans that are preliminary appraisal purposes so long as you try not to make any major modifications towards the impact of your home. We are going to require a copy of the building agreement signed with a Louisiana certified residential specialist and 2 sets of plans (including foundation plan) and specs during the time of application for the loan.
  • Look for a trusted Home Builder – A signed and agreement that is binding the borrower(s) and builder. (more…)

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