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Construction to permanent loan question

Hello,

I'm looking for a 10% down construction to perm loan. Looking to buy an old house in natick/framingham area, tear it down and build a new one. Total budget is around 700-750K. Total budget includes cost of buying an old house plus paying the builder to build the new house. Does anyone know of any banks that provide a 10% down loan? I have excellent credit history and income.
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January 26 - Natick
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Answers (3)

Are any of the buyers Medical Doctors? Feel free to reply via my profile?
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January 28
Centier Bank has a 10% down Construction-Perm product that we will go up to a $650K loan amount. However, we only lend in the state of Indiana.
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January 28
Give Douglas Lanzillo a Call
(774) 293-9230
Grafton Suburban Credit Union
If he can't help you , he can point you in the right direction.
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January 28
 
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