Home Buying in 28465>Question Details

clynch4430, Other/Just Looking in Oak Island, NC

I notice there are plenty of older homes on OKI and some need a lot of updating. Is there a local lender who is good to work with on these homes?

Asked by clynch4430, Oak Island, NC Tue Oct 2, 2012

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7
If it isn't a mobile home and you are looking to secure a conventional loan, as long as the home appraises for what you are paying for the home, or higher, many local lenders can be very helpful. Age is not a factor for the home..or the buyer for that matter.
Please feel free to call with other questions...
Thanks for this one.
0 votes Thank Flag Link Wed Oct 23, 2013
You can get financing on most houses (not mobile homes) on the island. The one variable on that will be if a house that is located on the oceanfront is on a non-rebuildable lot. In that case you can no longer get financing on those.
I can find out if a specific oceanfront property is rebuldable if you call or email me and give me the address.
Thanks, Lynda
0 votes Thank Flag Link Wed Oct 31, 2012
Dear clynch4430,

There are a number of lenders that have programs available for such, provided the borrower qualifies. Just don't consider oceanfront in the mix. Most all lenders will not loan on an oceanfront home.
0 votes Thank Flag Link Wed Oct 3, 2012
Thank you for your feedback!
0 votes Thank Flag Link Tue Oct 2, 2012
Sorry.....you said LENDER!.... Alpha Mortgage is one...Prime Lending another. Much prefer either of these over the banks eg. Bank of America BB&T, Wells Fargo...
0 votes Thank Flag Link Tue Oct 2, 2012
There are several good agents on the island. Pick one who lives there.

I've owned a home on the island since 1996 and lived here full time since 2003.
Call, email or text me any time

Neva Cardwell, Broker
Coldwell Banker
6101 E Oak Island Drive
Oak Island NC 28465
910-448--0189
nevacardwell@seacoastrealty.com
0 votes Thank Flag Link Tue Oct 2, 2012
There are several local lenders. BB&T is one of them. What type of laon are you looking to get?
0 votes Thank Flag Link Tue Oct 2, 2012
*loan* :)
Flag Tue Oct 2, 2012
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