Financing in 22834>Question Details

Karla, Other/Just Looking in Harrisonburg, VA

Is a cistern common enough in this area to get approved for a loan on a house with one?

Asked by Karla, Harrisonburg, VA Wed Jul 31, 2013

House is in Linville, VA

0 votes Share Flag Financing in 22834

Help the community by answering this question:

Answers

1
Not with an FHA loan or a regular Fannie/Freddie loan. It's one size fits all for most loans these days. If you work with a small bank and or a credit union that doesn't sell their loans on the secondary market you MIGHT find someone if a cistern is reasonable and common in that area. I believe that to be the only chance you have to get a regular loan on that house.
Good luck.

Thank You,
Brent Mendelson
Senior Loan Officer
1ST Mariner Mortgage
O-240-235-5314
C-301-412-0259
F-240-235-8236
Bmendelson@1stMarinerbank.com
Lending in all 50 states
nmls#111407
0 votes Thank Flag Link Thu Aug 1, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer