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Financing in 92021 : Real Estate Advice

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  • Local Info2
  • Home Buying5
  • Home Selling4
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Activity 3
Sat Aug 13, 2016
Lillytena answered:
A construction loa is any value added loan where the proceeds are used to finance construction of some kind. In the United States. A construction loan is a more specific type of loan, designed for construction and containing features such as interest reserves, where repayment ability may be based on something that can only occur when the project is built.

Thus, the defining features of these loans are special monitoring and guidelines above normal loan guidelines to ensure that the project is completed so that repayment can begin to take place.
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1 vote 4 answers Share Flag
Fri Aug 1, 2014
Do you currently have an FHA or VA loan?

Both have a refinance option that does not require you to have any equity.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct ... more
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Tue May 22, 2012
The Salas Group, Jesse Salas answered:
Very few lenders offer this. I would try to buy a manufactured home in a complex that allows you to buy both the home and the land. I have a listing in a very nice complex that allows for that. Contact me is interested and I can share. good luck!

Jesse G. Salas
Homes for Heroes San Diego
Conventional Properties, Inc.
Direct: (619) 980-0883
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