Construction Loan

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.

BUILD ON TRUST. BUILD WITH BANK OF ST. FRANCISVILLE.

CONSTRUCTION LOAN COSTS

  • Origination Fee
  • Appraisal Fee
  • Variable Rate (based on WS Journal Prime Rate)
  • Flood Insurance *******
  • Attorney Fees and Title Insurance

Prices vary. Fee estimate given after application is completed.

APPLICATION AND DOWNLOADABLE PACKAGE

  • Package with checklist, application, and required forms ******

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 tax returns with W-2’s and supporting schedules (3 years of tax returns if self-employed)
  • 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


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

NMLSR Information

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

  • H. Carter Leak, IV: 1255182
  • Janis J. Crutchfield: 512583
  • Kellye F. Cornette: 512288
  • Melvin S. Harvey, Jr.: 517218
  • Aimee Cook: 1658275
  • Douglas Dupont: 1325487

SHAREFILE LINK!*****