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Residential Construction Loan Recs - Lafayette

Posted on 3/12/24 at 6:56 am
Posted by cajuntiger26
Member since Jan 2013
338 posts
Posted on 3/12/24 at 6:56 am
Any advice on best place to start looking into this? Homebank has a construction to perm loan, but outside of that I’m not sure where else to look for options.
Posted by southside
SW of Monroe
Member since Aug 2018
583 posts
Posted on 3/12/24 at 8:03 am to
(337) 456-3580 Call Mimi at GMFS. She's in Lafayette, very competitive rates!
Posted by TigerBlood17
Member since Jan 2014
1457 posts
Posted on 3/12/24 at 8:15 am to
Farmers State Bank specializes in new construction. Not to be confused with Farmers and Merchants Bank.
Posted by PCBourbon
Louisiana
Member since Jul 2022
30 posts
Posted on 3/12/24 at 8:42 am to
I believe Hancock Whitney has a 1 time close construction loan option. I would explore this if they still offer it.
Posted by cajuntiger26
Member since Jan 2013
338 posts
Posted on 3/15/24 at 5:50 am to
FYI for anyone interested, Hancock Whitney apparently gutted their construction program so that was a no go. Can only be a fixed cost build, low loan limits and other new restrictions. They actually suggested Home Bank
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