Financing in Floresville>Question Details

Laurahouck, Both Buyer and Seller in Floresville, TX

We are in Floresville, Tx (near San Antonio) and we need to find financing for an unfinished home that has never been lived in, any takers?

Asked by Laurahouck, Floresville, TX Tue Sep 7, 2010

We have had a hard time finding financing for unfinished home that will need about 10, 000 to finish it out. We have been told that we can do a FHA from one mortgage company but the seller will not allow it. We were told we could do a 203k by another but turns out we can't do that either because of the certificate of occupancy. We finally did find financing but they want to give us a 5-1 ARM at 5.5% and we are hoping to find better. Can anyone help?

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I don't think 5/1 ARM at 5.5% is too bad considering the circumstances. Why don't you finance at those terms and then refinance before the ARM is up with FHA or USDA

Elena Ollick
Amerivest Realty
Faith Home Loans
239-206-4500
eo@oceanhomesrealty.com
http://www.andrewollick.com/realestateblog
0 votes Thank Flag Link Wed Sep 8, 2010
We specialize in the Floresville and surrounding areas. There are some special loans options for this area. Call us to discuss. We have a lender who can discuss with you.
Faye 210 216-7722
Cindy 210 373-8634
0 votes Thank Flag Link Wed Sep 8, 2010
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