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. Because we are not abundant & have no requirement for a 3-4 bedroom house, but DO need a large lot, at least 3/4 acre, we have an interest in developing an affordable, SMALL energy- effective home, like the ones created by Laura & Alex Sanchez in their book, 'Adobe Houses for Today'. We are particularly interested in among only 862 sq ft, plus a garage. How much trouble are we going to have getting funding for a house of this size in a decent advancement or lot near basic power and water? Can you suggest any lending institutions we might talk to in the Silver City location of NM ?? A: (Quentin Wilson) I don't understand the Silver City scene but up here in the environments of Espanola loans on adobe homes are nearly routine.
In both cases I begin with the bank president in these small banks. One president of Valley purchased an adobe house that I had constructed so during his tenure the bank was broad open to my concepts. 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 when - Which of these is the best description of personal finance. If the rural argument can be made then you would also be eligible for Farmers House Administration (What is a future in finance). The name has changed however the people are the exact same. There are enough off the grid, off the wall, off stick developed construction, off in every method kinds of people around Silver City.
Q: I require aid in getting in contact with a broker that does building to irreversible loan for a second house 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 cash for our deposit towards the loan. We have owned our land for 6 years and I can't find anyone who will allow us to use our land as a down. Any response or guide you may have for us would be great, otherwise our dreams will pertain to end. A: I would recommend that you seek a local, independent community bank in your area that does building lending.
Plus it will cost a lot more in charges due to the truth that they cant do anything themselves, such as examinations. They need to hire building inspectors or architects which can run into a lot of money. There are neighborhood banks all across the country that do this kind of financing, plus you get the personal service dealing with someone local. All business banks will use earned equity toward the down payment on your loan - How old of an rv can you finance. They might balk if it is unearned equity such as inflated appraisals but you do not see much of that in today's environment. Q: My other half and I have fallen in love with an earth-berm house for sale up here in northern Wyoming, but we weslyn financial can't discover standard financing for it due to absence of compensations.
A: I would recommend that you contact the local, independent community banks in that location. They are most likely to be able to do non-traditional homes such as that instead of a big how to use a timeshare lender like Wells Fargo. Also, you might see if there is a home mortgage company by the name of Affiliated Financial Group in that area. They are extremely helpful in doing that sort of financing. Q: We are trying to build a "healthy house" in Tucson AZ utilizing natural products and no chemicals as much as possible. We are having problem getting financing using "natural methods" of termite control rather of the chemicals.
Q: My hubby and I are attempting to construct a strawbale home and we are having difficulty getting a building loan. We do not own the land yet - What is a finance charge on a credit card. What credit score is needed to finance a car. Can we get a loan for both the lot and building for a strawbale home? We live in Idaho, can you or do you understand anyone who can help us get funded? A: I would suggest that you get in touch with one of your local, community banks in regard to getting your house financed. There is a company called First Home mortgage Business in Colorado Springs that would look at doing your permanent financing. If you can get that organized, then among your local banks would most likely do the building loan for you.
