Q: We are a childless couple in our 60's and about to retire from the NE to the SW- New Mexico is our choice. Given that we are not abundant & have no requirement for a 3-4 bedroom house, however DO need a big lot, at least 3/4 acre, we are interested in building a cost effective, SMALL energy- efficient home, like the ones designed by Laura & Alex Sanchez in their book, 'Adobe Houses for Today'. We are especially thinking about one of just 862 sq ft, plus a garage. How much problem are we going to have getting financing for a home of this size in a good advancement or lot near basic power and water? Can you suggest any lending institutions we may talk to in the Silver City location of NM ?? A: (Quentin Wilson) I do not know the Silver City scene however up here in the environs of Espanola loans on adobe houses are practically regular.
In both cases I begin with the bank president in these small banks. One president of Valley bought an adobe house that I had developed so throughout his period the bank was large open to my ideas. Another president who likes adobe then went to the Community Bank and is still there. We even worked with the Bank of America in Espanola as soon as - What credit score is needed to finance a car. If the best vacation timeshare companies rural argument can be made then you would likewise be qualified for Farmers House Administration (How do you finance a car). The name has altered however individuals are the same. There are enough off the grid, off the wall, off stick developed building, off in every way types of individuals around Silver City.
Q: I require help in getting in contact with a broker that does building and construction to permanent loan for a 2nd home in North Carolina. This house will be log and what we need the most is a lending institution who will take or offer credit for the equity as money for our deposit towards the loan. We have owned our land for 6 years and I can't discover anyone who will permit us to utilize our land as a down. Any answer or guide you may have for us would be terrific, otherwise our dreams will come to end. A: I would suggest that you look for a regional, independent community bank in your location that does construction lending.
Plus it will cost a lot more in charges due to the truth that they cant do anything themselves, such timeshare solution as assessments. They need to hire structure inspectors or architects which can face a lot of cash. There are community banks all throughout the country that do this kind of financing, plus you get the personal service handling someone local. All commercial banks will use earned equity toward the down payment on your loan - How to finance a franchise with no money. They might balk if it is unearned equity such as inflated appraisals however you don't see much of that in today's environment. Q: My hubby and I have actually fallen for an earth-berm home for sale up here in northern Wyoming, however we can't find traditional funding for it due to lack of compensations.
A: I would suggest that you call the local, independent community banks because location. They are most likely to be able to do unconventional homes such as that rather than a large lender like Wells Fargo. Likewise, you might see if there is a mortgage company by the name of Affiliated Financial Group because location. They are very helpful in doing that sort of financing. Q: We are attempting to develop a "healthy house" in Tucson AZ using natural materials and no chemicals as much as possible. We are having trouble getting funding using "natural methods" of termite control rather of the chemicals.
Q: My hubby and I are attempting to build a strawbale home and we are having trouble getting a building and construction loan. We do not own the land yet - Accounting vs finance which is harder. How do you finance a car. Can we get a loan for both the lot and construction for a strawbale home? We reside in Idaho, can you or do you understand anybody who can assist us get funded? A: I would recommend that you contact among your regional, neighborhood banks in regard to getting your house funded. There is a company called First Home mortgage Business in Colorado Springs that would look at doing your irreversible funding. If you can get that set up, then one of your local banks would probably do the construction loan for you.