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Construction loan recommendation needed

Profile picture for dunhilldk
I hope that this is the right place to ask this question...

I am looking for a construction-to-perm loan that will allow for the following:

- Acquire land using construction loan
- Make no payments during construction for any interest accrued on land or construction draws
- One closing at the end of construction to convert to either a 30yr fixed or interest only.

Any suggestions would be much appreciated.

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December 14 2009 - Arlington
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Answers (2)

Profile picture for Frank J Festa
Good question dunhilldk. Did you ever try working with a small land developer? Do you also intend to build a home? Is it for yourself or for resale? Good Luck.
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December 15 2009
Profile picture for GreatRateFolks
Not to be too negative, but most lenders/brokers have discontinued these programs, your best bet might be a local bank. Good luck in your search. Jim
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December 15 2009
 

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