Abbeville Building & Loan

Construction Loans

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Build your dream home with our one-time closing Construction to Permanent loan


Construction to Permanent loans are a one-time closing. While your home is being built, you will pay the interest at the rate that you received at application. Upon completion of your home, your loan will be modified with new terms and the final interest rate will be set for the remainder of your loan. Your permanent interest rate will be based on credit scores, loan to value, and the market at the time your loan switches to a permanent loan after completion of the construction.

Construction Phase

  • Interest-only payments while your home is being built
  • Fixed construction interest rate for 12 months

Permanent Phase

  • 10, 15, 20, and 30 year fixed rate options
  • 5% down payment with Private Mortgage Insurance (PMI)
  • 20% down payment with no Private Mortgage Insurance (PMI)
  • No prepayment penalties
  • Additional principal payments accepted
  • Loan servicing remains with Abbeville Building & Loan, allowing you to call, pay, and contact us for any of your servicing needs

From acquiring land to completing construction, Abbeville Building & Loan provides flexible and affordable financing options to help our customers make their vision a reality. With a team of experienced personnel and a commitment to providing exceptional customer service, Abbeville Building & Loan is dedicated to helping customers navigate the construction process and achieve their homeownership goals. Abbeville Building & Loan offers loan options in most of the state of Louisiana.

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Abbeville Building & Loan has been a trusted member of the community since 1890 as a mutual state-chartered savings bank in Vermilion Parish. We specialize in the origination and servicing of Owner-Occupied Residential Loans for a majority of the state of Louisiana, consisting of construction, refinance, and purchase loans. To better serve our community, we offer checking, savings, certificates of deposit, and Individual Retirement Accounts for our parish residents and current loan customers.

Contact Us

1212 Charity St
Abbeville, LA 70510

1-337-893-1170