4 ms·
Oh, great questions and I didn't even know about this being a thing, thanks! It's in a big new development and is a townhouse. A few have been built and are pr
by SnowingXIV 9y ago
Oh, great questions and I didn't even know about this being a thing, thanks!
It's in a big new development and is a townhouse. A few have been built and are progressing through phases. I get to pick a few layout options so I think they are treating it as a new construction? Maybe? Edit: Actually it might be purchase. I have the home purchase agreement that I'm reading over if it's in there.
- sharemywin 9y agoI'm talking about like where you own the land, get bridge loan and convert it to a traditional loan. (Typical Construction loan) versus a builder where they build the house then sell it to you at the end.
- SnowingXIV 9y agoI believe it's definitely the later.
- sharemywin 9y agoI'm licensed in Ohio and Florida, but regardless of where you live, if you want, I can walk you through some things to watch out for. My website is http://www.2getpreapproved.com http://www.2getpreapproved.com or you can email me using the email in my profile. Also, here are some good flyers from Fannie and Freddie regarding conventional programs versus FHA: https://www.fanniemae.com/singlefamily/homeready# https://www.fanniemae.com/singlefamily/homeready# http://www.freddiemac.com/singlefamily/docs/home_possible_advantage_flyer.pdf http://www.freddiemac.com/singlefamily/docs/home_possible_ad...