Construction Loan

For our customers and their contractors, relationship banking means a smoother construction process. 

Working with a community bank means we can help you creatively fund your projects–without jumping through the hoops.

• Only pay interest during the construction period.
• Funds will be advanced as work progresses.
• Eligible properties include: primary and secondary residence, including investment properties.
• Must re-qualify for conventional loan once construction is completed.

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CONSTRUCTION LOAN COSTS INCLUDED BUT NOT LIMITED TO:

• Origination Fee
• Appraisal Fee
• Variable Rate (based on WS Journal Prime Rate)
• Builder's Risk Insurance
• Flood Insurance (if applicable)
• Attorney Fees and Title Insurance

Prices vary. Fee estimate given after application is completed.

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APPLICATION AND DOWNLOADABLE PACKAGE

Don't Forget! DO NOT submit your application and required documents via email. Click the button below to securely send us your sensitive information.

• Package with checklist, application, and required forms

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CHECKLIST OF NEEDED DOCUMENTS - fillable form package with more details linked above.

• Consumer Loan Application
• Personal Financial Statement
• E-SIGN Disclosure Agreement
• Color copy of all Borrower’s/Guarantor’s Driver’s License
• Last two years of Borrower’s Personal Tax Return with W-2’s and/or last 2 years 1099s and K-1s (3 years if self-employed) ‍
• Last two years of Business Tax returns if Borrower owns 25% or more of business (if applicable) ‍
• Pre-qualification letter from Permanent Lender 
• Last two pay stubs (must represent 30 days) ‍
• Builder’s Contract 
• Contractor Profile Report (see attached) ‍
• Breakdown of construction costs 
• Digital copy of plans or blueprints 
• No Work Affidavit 
• Name of Attorney or Title Company you would like to use for closing

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A Bank of St. Francisville representative will respond to your application submittal within one business day.

Your questions are welcome! Click the button below to make an appointment and talk with a loan officer.

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NMLSR Information

The following employees of Bank of St. Francisville (NMLS ID 438247) are registered with the NMLS as Mortgage Loan Officers:

• Whitney Boyd: 1463945
• Aimee Cook: 1658275
• Douglas Dupont: 1325487
• Walker Magruder Field, Jr: 2483217
• Angelice Fried: 2264922
• Denise George: 2375124
• Melvin S Harvey, Jr: 517218
• H. Carter Leak, IV: 1255182
• Ricky Sparks: 1702048

Bank of St. Francisville’s lending area includes the West Feliciana, East Feliciana, East Baton Rouge, West Baton Rouge, Pointe Coupee parishes, as well as Wilkinson County in Mississippi.

*For anyone looking to buy, build or refinance a home, we encourage you to make use of the "Home Loan Toolkit" by clicking HERE.