For that size loan, your income would not need to be to high. However, the issue for approval may be your credit score. I know I am responding to your post very late however, If you are still having problems getting approved, I know of a LOCAL LENDER who works with people with low credit scores to help get them approved for a loan.
I do not know of any bank, AT THIS TIME, that is giving 100% financing. BUT, FHA OR SONYMA might be the way to go....you do need 3.5% down but you can add 6% on top for the closing costs w/FHA and that would be 103% financing....or SONYMA will give you an additional % that you dont have to repay (years of occupancy are required) that might work well for you....It is a tricky situation,,,,call me if you have further questions. Gina Clark, Broker, 845-344-1480, Real Estate Circuit... more
Also sounds as if you're phishing instead of trying to offer value to other real estate professionals as well as buyers and sellers. This site is designed to allow you to offer sound advice to people in need, be that buyers, sellers of agents to agents. If your advice is good enough then perhaps someone will contact you to do some business.
My suggestion are as follows:
1. Complete your profile
2. Add a picture
3. Start answering questions
4. Demonstrate that you offer a valuable resource to others
5. Then anticipate some business coming your way.
Just a Thought (or two)
(405) 340-3277... more
I don't know of any lenders to recommend, but I do recommend that you spend the relatively small amount of money to have that septic dug and that well drilled! I am not specifically familiar with the Adirondacks, but my general resort/second/vacation home experience at the "Jersey Shore" and riverfront in North Florida is begging you to install those fundamental necessities now. Resort areas are typically environmentally sensitive, and restrictions change and usually get more stringent as time passes. You may not be lucky enough to get a "grandfather clause" which will eventually leave you with an unsaleable property. Best of luck!... more