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 sort of loan features low closing expenses that are compensated only one time and offers mortgage loan that is locked-in during the time of application for the construction and permanent percentage of the mortgage. Review the actions below and present us a call to start building your ideal house.

Arrange a pre-qualification conference with a Metairie Bank construction loan expert. A pre-qualification will see whether the loan amount you want is at your financial allowance. Contact us at 504-834-6330 or 985-674-2255, you can also e-mail us at mortgage@metairiebank.com.

Information on your ideal House

An individual will be pre-qualified, finalizing your property plans and locating a builder are your steps that are next.

  • Building Plans – In purchase to start the appraisal, your loan originator requires a collection of your property plans (blueprints). The plans have to show measurement and elevation. You’ll submit your plans that are preliminary appraisal purposes so long as you try not to make any major changes to your impact of the home. (más…)