Close

Oops, The question you have requested has been removed.

Please search again.

Who finances unconventional homes like all steel homes similar to a Morton building?

Profile picture for isumba1999
We built a 5000 sq ft steel building that is going to be our primary residence.  We are being told my local banks that it will be hard to finance it because of lack of comps.  Is there a mortgage company that finances these types of homes?  They seem to be coming more popular in Iowa due to the "no maintenance" features.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 23 - Ames
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

Profile picture for SacRELender
What your bank was trying to tell you is that they need to be able identify a market for the type of structure and be able to establish its value with enough sales of similar type properties.  That's what they mean by no comps.  The issue is the same for any unique (for the area) properties.  Geodesic dome homes, log homes, subterranean homes, homes with 15 acres, homes with thatch roofs, etc., etc., etc. all have the same challenges.  If there are enough of them, financing is possible; if there are only a few its usually cash, seller carry, or private loans.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

January 23
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Questions
Profile picture for Bob Willett
QuestionWho finances unconventional homes like all steel homes similar to a Morton building?
  • Latest answer by Bob Willett
  • January 23
Related Articles
GuidePhoto Uploading Tips
GuideHow to Find a Rental on Zillow
GuideHow to Pre-Market a Home
GuidePicking the Best Comps
GuideMortgage Home Page Headline
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy