We have a list of (9) nine approved vetted lenders that can provide either Home Only or Land Home Loans with upfront construction funding. Lending options and description listed below. If you are interested in a list of our approved lenders please request by selecting button below.
Home Only Loans are best suited for homebuyers that wish to purchase a house to be built for a mobile home park. It is also available if the homebuyer owns land but does not want to have a mortgage against the land and only the house.
Land Home Loans allow you to purchase land with your construction loan. If you already own land some lenders will allow you to apply the equity of your land towards your down payment requirement or closing costs.
Currently we have Land Home Lenders require a minimum credit score of 580, and for Home Only a minimum credit score of 500.
Currently Land Home Lenders have the following four requirements.
Conventional 5%
FHA 3.5%
VA & USDA 0%
Our approved Land Home Lenders allow every Site Improvement required for a completed project to be included in the loan as long as the project appraises per loan program requirement. .
The One Time Closing allows the homebuyer to fund their entire construction upfront, and also the availability to purchase land if needed. This closing occurs prior to construction.
Homebuyers will not be required to order an appraisal until all of the plans, site work, and contracts have been reviewed. The lender has approved the loan contingent on the appraisal.
Our Approved Lenders do not require any upfront cost or deposit.
The only time you will pay for anything that is required by the lender is for the appraisal.
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