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 rate of interest which will be locked-in during the time of application for both the construction and permanent part of the mortgage. Review the actions below and provide installment loans with bad credit maine us a call to start building your perfect house.

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

Information on your ideal Home

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

  • Building Plans – In purchase to start the assessment, your loan originator requires a couple of your property plans (blueprints). The plans need certainly to show elevation and dimension. You are able to submit your plans that are preliminary appraisal purposes so long as you usually do not make any major modifications into the impact of your home. We shall require a duplicate of the building agreement finalized by a Louisiana certified contractor that is residential 2 sets of plans (including foundation plan) and specs during the time of application for the loan.
  • Find a reputable Home Builder – A signed and agreement that is binding the borrower(s) and builder. Читать далее «Construction Loans»