Financing in Mission Hills>Question Details

Rina, Home Buyer in 92314

Construction loan.

Asked by Rina, 92314 Sun Sep 1, 2013

My husband and I plan on building a home in Big Bear in about 3 years.We plan on buying a lot next year in cash. We currently have a home that's $450000. Our yearly income is about $150000. We have one school loan other than our house payment. We have excellent credit. Would we qualify for a construction loan to build our home?

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1
You would not get a construction loan now and build in 3 years. Who can say what you qualify for in 3 years. Since we have no idea of your debts or credit we have no way to answer you as to if you could qualify now or not. A loan office that knew everything could tell you --- why not go see one and ask? It's free.
0 votes Thank Flag Link Sun Sep 1, 2013
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