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Financing in North Port : Real Estate Advice

  • All401
  • Local Info36
  • Home Buying136
  • Home Selling8
  • Market Conditions27

Activity 6
Sun Sep 15, 2013
Tammy Hayes answered:
I haven't been able to find a local lender that will, but I have a customer that says a lender will in another state. I would call a few lenders and ask the question.

Tammy Hayes, Realtor
Green Lion Realty
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0 votes 1 answer Share Flag
Tue May 8, 2012
Tammy Hayes answered:
Here are some local lenders you can try:
Morningstar Mortgage
2256 Jasmine Way
North Port, FL 34287
Joseph Morningstar

Mortgage Supercenter USA
Dona Smith
Licensed Mortgage Broker
18501 Murdock Circle, Suite 501
Port Charlotte, FL 33948
Toll Free: 866-288-7140
Local: 941-625-3987
Cell: 941-302-8098
Fax: 941-625-3192

Charlotte State Bank
Connie Ritchhart
Senior VP, Residential Lending
1100 Tamiami Trail
Port Charlotte, FL 33953
Direct: 941-624-1906
Cell: 941-875-5224
Fax: 941-624-2308

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
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0 votes 1 answer Share Flag
Tue Sep 6, 2011
Chris Lyon answered:

You need to check around and find a lender that is willing to lend on a property that is an LLC, most will not. You're also going to be limited on the LTV as to how much cash you can pull out depending on when you purchased the home. You will probably also be required to base the LTV on the purchase price rather than the appraised value.

Hope that helps.
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Wed Oct 27, 2010
Robert Barry answered:

I can help with financing at 125%. Its a federal program and rates will be slightly higher than market rates.
Let me know if you need my help.
Robert Barry
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Sun Jun 22, 2008
Jim Cavoto answered:
We are getting call after call from people that have had their bank pull out of a construction loan, and we have been able to help. It almost seems like banks want these loans off their books, and will do about anything to get them off! There are lots of legal questions, and you do need a lawyer to help with them. You are more than welcome to give me a call, we have people that are lending their own money out on good deals, and if your deal is good, we can get you back on track with your builder within weeks.

You can talk to your broker and see if he has anyone looking to make interest on your deal or if they have a hard money lender that will step in and help you out. This type of loan will get your home done so you can get it refinanced into a more conventional loan, and get moved it.
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Financing in North Port Zip Codes