Arrange a pre-qualification meeting with a Metairie Bank construction loan specialist.. Once Metairie Bank receives your application, we will begin the approval.
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USDA Rural Development does not directly offer workout plans to distressed homeowners in the Single Family housing guaranteed loan Program as USDA is not a financial lending institution. We urge any customer with a guaranteed loan seeking assistance to contact their mortgage servicing lender immediately to determine their eligibility for.
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It’s typically harder to get a construction loan than a regular mortgage. You’ll need to shop around, using a construction loan broker if necessary. Hire a builder with a strong reputation and gather required paperwork for your loan application. If approved, you only have to pay interest on the loan during construction.
Unlike a conventional loan, however, it’s more complicated to get the green light on your construction loan application because you’re essentially requesting to borrow money for a new build that doesn’t exist yet. This post outlines some of the requirements you need in order to qualify for a construction loan.
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Don't let the construction process intimidate you. We'll be there every step of the way. See our construction loan options here.. Apply for a Construction Loan.
Apply Online Apply Construction Loans. Thank you for choosing First United Bank! To begin the application process, please complete the information below. IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A LOAN.
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The basics of construction loans. Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable,
Apply Online Apply Construction Loans. Thank you for choosing First United Bank! To begin the application process, please complete the information below.