loan options: Anyone running into issues with lenders willing to loan on presale single family construction?
- 02/02/10 04:59 AM
I found that my contact at Bank of America does have options available and they're offering up to a 6-month loan rate lock. I'm curious if anyone has seen anything else out there. My clients and I are talking to a new construction project that is investor funded and the 17 lots platted already have 4 houses up, including the model, with one of them a property they'll consider - or they'll choose another lot and put the house they want on it with a couple of modifications that will work better for them. Rates are awesome so getting them into … (1 comments)
loan options: Has anyone noticed if offering FHA financing on a listing has increased exposure to buyers?
- 09/29/08 06:21 AM
I've heard that 25% of all financing going on right now is FHA, which is quite a change from a couple of years ago when FHA was lagging behind all the other more "exotic" loans that were out there. In speaking to clients who are looking to sell their homes, we've been recommending that they offer FHA and VA as financing methods they'll accept. Has anyone else been doing this and have you seen actual evidence that you're getting more exposure to the listing? More specifically, we've really promoted this for FHA/VA approved condo developments but we're also starting to suggest … (6 comments)
This is the blog site for Team Reba. Team Reba is a network of professionals dedicated to improving the experience of buying and selling residential and investment properties in the Greater Seattle and Bellevue metro areas.
I found that my contact at Bank of America does have options available and they're offering up to a 6-month loan rate lock. I'm curious if anyone has seen anything else out there. My clients and I are talking to a new construction project that is investor funded and the 17 lots platted already have 4 houses up, including the model, with one of them a property they'll consider - or they'll choose another lot and put the house they want on it with a couple of modifications that will work better for them.
;)
;)
;)
