Did you know we do build out loans? …We do!
We can finance the acquizition of land, and the building of a home for you.
The max loan to value ratio is 80%, so you will either need 20% down, or you would need to own the land that would represent 20% of the overall appraised value of the home.
Here is what we would need on the construction side to get started…
1) Copy of contract on property to be purchased or HUD from property purchase.
2) Copy of plans and specifications.
3) Copy of construction contract and budget.
4) Survey.
If you or someone you know wants to build a home I’ll be happy to help you with this. Just give me a call or shoot me an email.
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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