Construction Loan Program

The One Time Close Construction Loan will combine your Construction and Mortgage financing into one Loan. Program offered in Northshore, Southshore and Baton Rouge areas of Louisiana.

Program Overview:

Construction financing, lot purchases, and permanent financing all wrapped into one product
One set of loan documents that covers both the interim construction phase and the permanent loan
When construction is complete, the loan is then modified to a permanent loan, saving time and money
Rate is locked upfront and a float down of the rate is possible once Construction is complete

{beginAccordion h2}

For the Borrower

Advantages:

Ability to be pre-qualified before you have a contract
Convenience of one lender, one application, one closing, and one approval
Fixed interest rate during construction phase
Interest only payments made during the construction period based on the amount of funds drawn from the loan

For the Builder

Builder Benefits:

Ability to price construction loans more competitively without the expense of a construction loan
Simplified builder process with reliable draw funds delivered by deposit, wire, or check
Set 5-part draw schedule
10% soft draw allowed at the time of closing

{endAccordion}

Have questions

Want someone to contact you and answer any questions you may have?

Questions?

Find a Loan Officer

If you are looking for a loan officer to help you through the process, click the Find a Loan Officer button.

Find a Loan Officer

Ready to apply

If you're ready to submit your application, click the Fill Out a Full Application button and and jump right in.

Fill Out a Full Application

LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK

Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms and interest rates are subject to change without notice and may only be available in select markets.

Construction Loan Program