Construction Loans with NOLA Lending Group

Start Building Your Home Today

Building your dream home is exciting, but financing the construction process can feel complex. At NOLA Lending Group, we make it easy with specialized construction loan programs designed to simplify your home-building journey. Whether you’re planning a custom home, renovating an existing property, or purchasing land, our construction loan options offer the flexibility and convenience you need.

{beginAccordion h2}

Residential Conforming One-Time Close Construction Loan

The Residential Conforming One-Time Close Construction Loan is a streamlined solution that combines construction financing and permanent mortgage financing into one seamless product. This eliminates the need for multiple loans, reducing paperwork, time, and costs.

 Overview:

• All-in-One Financing: Covers construction, lot purchase, and permanent financing in a single loan.
• Simplified Loan Process: One set of documents covers both the construction phase and the permanent mortgage.
• Quick Conversion: When construction is complete, the loan automatically transitions into a permanent loan, saving you time and money.

Benefits for Borrowers:

• Pre-Qualification: Get pre-qualified before signing a contract, so you know your budget.
• Convenience: Manage your financing with one lender, one application, one approval, and one closing.
• Interest-Only Payments: Make interest-only payments based on the funds drawn during construction, keeping costs manageable.

Benefits for Builders:

• Competitive Pricing: Builders can offer competitive pricing without the expense of a separate construction loan.
• Streamlined Process: A simplified draw schedule ensures reliable access to funds via deposit, wire, or check.
• Flexibility: Includes a 10% soft draw at closing and a structured 5-part draw schedule for smooth construction progress.

Residential Portfolio One-Time Close Construction & Renovation Loan 

The Residential Portfolio One-Time Close Construction & Renovation Loan offers tailored solutions for ground-up construction, renovations (including upgrading bathrooms, renovating kitchens, refreshing bedrooms, enclosing attic spaces, outfitting outdoor living areas, and more), lot purchases, and permanent financing. This program is perfect for projects starting within 1-2 months and properties within 100 miles of NOLA Lending Group’s loan production offices in Louisiana, Mississippi, and Florida.

Overview:

• Versatile Financing: Supports ground-up construction and extensive renovations, along with lot purchases and permanent financing.
• Streamlined Documentation: Covers both construction or renovation and a permanent mortgage in one loan.
• Efficient Transition: Converts seamlessly to a permanent loan upon completion, saving significant time and money.

Benefits for Borrowers:

• Pre-Qualification Advantage: Get pre-qualified to streamline your home construction or renovation planning.
• Single-Point Convenience: Handle your financing with one application, one approval process, and one closing.
• Cost Control: Interest-only payments during the construction or renovation phase minimize upfront expenses.

Benefits for Builders:

• Lower Costs: Builders can avoid the expense of securing separate construction loans, reducing costs and interest exposure.
• Guaranteed Sale: Provides reliable funding for projects, with draw funds delivered via wire transfer.
• Efficient Draw Schedule: Includes a structured 5-part draw system and a 10% soft draw available at closing.

Why Choose NOLA Lending Group for Construction Financing?

As trusted mortgage lenders, we specialize in simplifying the financing process for new home construction and renovations. Our construction loans are designed with both borrowers and builders in mind, ensuring flexibility, affordability, and convenience. By choosing NOLA Lending Group, you’ll benefit from:

• Local Expertise: Serving Louisiana, Mississippi, and Florida with deep regional knowledge.
• Comprehensive Solutions: From lot purchase to permanent mortgage, we cover every financing need.
• Customer-Centered Approach: We prioritize your goals, making the process as seamless as possible.

Start Your Home Construction Journey Today

If you're ready to turn your dream home into a reality, our construction loan programs provide the tools and resources to make it happen. With the One Time Close Construction Loan and Construction & Renovation Portfolio Loan Program, NOLA Lending Group is your partner in building and financing your future.

Speak with one of our expert mortgage lenders today to learn more about our construction financing options. Let NOLA Lending Group simplify your path to homeownership with customized solutions that work for you.

{endAccordion}

Find a Loan Officer

If you are looking for a loan officer to help you through the process, click the Find a Loan Officer button.

Find a Loan Officer

Skip to the pre-qualification application

If you're ready to submit your application, click the Fill Out a Pre-Qualification Application button and jump right in.

Fill Out a Pre-Qualification Application

LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK

Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms and interest rates are subject to change without notice and may only be available in select markets. Information obtained from a third-party and are subject to change without notice. All figures should be verified. 

Depending on the value of your home, it is possible that you may be responsible for any portion of your total costs to close. The services and products advertised are not approved or endorsed by HUD, USDA, the Department of Veterans Affairs, or any government agency.