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financing
Posted: Wed Sep 15, 2004 11:14 am
by Beth O'Hara
We are looking at purchasing a doublewide home to place on property we already own. We will need to finance land development, septic installation and all the routine stuff. Will we need a construction loan or will we be able to do all this on a conventional loan?
Re: financing
Posted: Thu Sep 16, 2004 7:08 am
by rmurray
Every dealer has a different policy for this type of transaction...Construction loans are now required by most...but a few local dealers might very well forgo the construction loan by placing a lien on your property until they receive all of their money...
Only a foolish dealer would put a well and septic into your land with no protection...If the dealer is that dumb...you do not want to deal with them at all..
Re: financing
Posted: Thu Oct 21, 2004 10:45 am
by as
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