CPAs & Financial Advisors : Builders

New construction and renovation projects are more vital to the greater New Orleans area than ever before. If you’re a builder whose clients need financing, we have a combined construction and permanent loan with a one-time close that will let them borrow up to 95% of the cost of the permanent home.

The construction loan also locks in a rate for your clients now and not at the end of construction. In addition, it can free them from the expense of private mortgage insurance (PMI) because the mortgage uses the home’s final appraised value, not the cost, to determine whether PMI is required.