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Flpmtg1965
Dyn-o-mite!


Joined: 16 Oct 2007
Posts: 273
Location: Tampa, FL

VA Construction Loans
PostPosted: Mon Nov 08, 2010 11:26 pm Reply with quoteBack to top

I have a client that owns a single wide mobile home on 2.25 acres of land. They owe 33k with a property value of 75k. They want to take advantage of the husbands VA & build a home on the property then sell the mobile home after the construction is complete. I don't have any lenders on the wholesale side that do VA construction loans.

Does anyone know a lender, retail or wholesale...that does VA construction in Florida? If I can't help them on the wholesale side I at least want to direct them on where to go. Qualifying is not a problem.

Thanks,

FLP
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buyerbeware
Schumpeter Reincarnate


Joined: 08 Aug 2007
Posts: 3326
Location: minneapolis

Re: VA Construction Loans
PostPosted: Tue Nov 09, 2010 12:04 am Reply with quoteBack to top

Flpmtg1965 wrote:
I have a client that owns a single wide mobile home on 2.25 acres of land. They owe 33k with a property value of 75k. They want to take advantage of the husbands VA & build a home on the property then sell the mobile home after the construction is complete. I don't have any lenders on the wholesale side that do VA construction loans.

Does anyone know a lender, retail or wholesale...that does VA construction in Florida? If I can't help them on the wholesale side I at least want to direct them on where to go. Qualifying is not a problem.

Thanks,

FLP


Are you referring to interim financing and the take-out or just the take-out?

_________________
"My ambition: to strangle the last king with the entrails of the last priest"

Voltaire
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Flpmtg1965
Dyn-o-mite!


Joined: 16 Oct 2007
Posts: 273
Location: Tampa, FL

VA Construction Loans
PostPosted: Tue Nov 09, 2010 12:17 am Reply with quoteBack to top

Hey Buyer,

Both would be nice. If it can be done construction to perm it would save them money. I'll take any suggestions.

FLP
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buyerbeware
Schumpeter Reincarnate


Joined: 08 Aug 2007
Posts: 3326
Location: minneapolis

Re: VA Construction Loans
PostPosted: Tue Nov 09, 2010 12:26 am Reply with quoteBack to top

Flpmtg1965 wrote:
Hey Buyer,

Both would be nice. If it can be done construction to perm it would save them money. I'll take any suggestions.

FLP


I don't know any lenders doing the interim for construction lending that aren't asking for an arm and a leg and another arm.

But I might know a guy.....PM me, please.

thanks

_________________
"My ambition: to strangle the last king with the entrails of the last priest"

Voltaire
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