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 an interest which will be locked-in during the time of application for both the construction and permanent percentage of the mortgage. Review the actions below and present us a call to begin with building your perfect house.
Arrange a pre-qualification conference with a Metairie Bank construction loan professional. A pre-qualification shall determine if the mortgage quantity you will need is at your financial allowance. Contact us at 504-834-6330 or 985-674-2255, you can also e-mail us at email@example.com.
Information on your ideal Home
An individual will be pre-qualified, finalizing your house plans and getting a builder are your steps that are next.
- Building Plans – In order to start the assessment, your loan originator requires a couple of your home plans (blueprints). The plans have to show measurement and level. You’ll submit your initial plans for appraisal purposes so long as you usually do not make any major modifications to your impact of the home. We are going to require a duplicate of the building contract finalized with a Louisiana certified contractor that is residential 2 sets of plans (including foundation plan) and specs during the time of application for the loan.