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Construction Loans











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Please Note: The Mortgage department is only licensed to lend in the state of Louisiana.

A construction loan from DLFCU offers many advantages, including:

 

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Financing from concept to completion. DLFCU’s Construction loans allow the member to purchase the land, establish the architectural plans, and construct the home over a period of 9 months.

 

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Easy access to funds.Members are allowed to take up to 6 draws during the construction phase (subject to progress inspections by the Credit Union) but only pay interest on the loan until completion.

 

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Flexible eligibility requirements.Members who want to build a primary or secondary residence^ through an approved builder may apply for DLFCU’s Construction loan.

 

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A “hassle-free” environment.Our construction loan program is built around helping you build the home of your dreams. Therefore, we strive to let our members maintain as much control during construction as possible.

 

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Easy and flexible permanent financing options.After construction is complete, members may choose any DLFCU mortgage option for permanent financing of their home.

 

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Local Servicing On Your Loan.Unlike many other mortgage lenders that shift the servicing of your loan to another institution weeks after you close on your loan, DLFCU will always be able to service our members’ mortgage loans! If you ever have a question or an issue with your loan, a DLFCU Representative is just a phone call away!

 

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Online access to your mortgage loan information.With a few clicks of your mouse, you will be able to access all of your mortgage loan information right from your desktop.

^Some restrictions apply to financing of a secondary residence.

Quick and easy application process. Members have 4 easy options to apply for any DLFCU mortgage loan:

 

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Apply online by clicking here.

 

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Call (888) 369-2207 to begin the application process.

 

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Visit any Financial Resource Center.

 

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Download and print the mortgage application from our website (Printable application is used for all mortgage loans except Home Equity Line of Credit).

Contact Our Mortgage Department

 

Loans

Sometimes you just need the money.  Whether it's a new wardrobe or taking the vacation of your dreams, we can get you loan you need - quick and easy.  Anyone can open an account and we make it easy to join!  Applying online is quick and secure. Click here to get started.

Featured Products

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