Financing in 07763>Question Details

sassonvictor, Home Buyer in New York, NY

i want to build instead of buying -- how do i go about this these days ( cheaper to build i see especially in my area )

Asked by sassonvictor, New York, NY Thu Jan 3, 2013

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You will need a construction loan I have a few lenders that offer these loans for all types of credit scores and loan products. FHA and Conventional..
0 votes Thank Flag Link Tue Sep 24, 2013
Find a lender that will issue a construction loan or similar loan that will help you finance your project
then consult a Realtor in your desired area that will help you find the best land possible suitable for your building goals.

Laquita Baez
Licensed Realtor in NJ and GA
Weichert Realtors
0 votes Thank Flag Link Sat Jan 5, 2013
Victor. Residential Home funding offers a great one time construction close loan that is backed by FHA. What that meas to you is that you can purchase a piece of property, build on it with modular construction and include all of your soft costs for the construction iwth 3.5% down and at FHA rates.

I could go on and on about construction lending as i have 30 years of experience but it would be best if you all me or e-mail me with any questions that you have.

Camille Marotta
Branch Manager NMLS 9838
Residential Home Funding
732-539-9300 Cell
848-223-7962 Office
0 votes Thank Flag Link Thu Jan 3, 2013
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