Financing in Wilmington>Question Details

Gene Galindo, Home Buyer in Wilmington, NC

looking for a construction to permanent loan of about 200k have 50 k down pymt and own the 6.5 acres of land i wish to build on free and clear.

Asked by Gene Galindo, Wilmington, NC Sun May 19, 2013

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1
This sounds very doable assuming your credit and income qualify. You can use the equity in the land on top of your $50k for a good enough loan to value to make the bank happy. What road blocks are you coming up against with lenders/
0 votes Thank Flag Link Mon Sep 9, 2013
My credit is shaky from past issues but income is no problem I have little to no debt as well. I haven't tried for a loan yet for fear of the denial.
Flag Mon Sep 9, 2013
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