user2621146's Advice

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user2621146 wrote:

How to get loan for home with no certificate of occupancy??

Answer
I am trying to get a loan just for the purchase. I will be able to put 20% down or more if required.
September 30 2012
(0)
How to get loan for home with no certificate of occupancy??
I am trying to purchase a home with no certificate of occupancy. The house is set on 14 acres which is included with the sale. The house has not been occupied in 60 years. I was told there would be no possibility of a 203K because of the length in time since last occupied. The seller is asking $100,000 and I do not have the capital to complete a cash sale. There has to be another way around this, could I get a loan for the 14 acres?, could I get a construction loan? I am not ready to walk away from this house, please any advice would be greatly appreciated. Thank You!
September 30 2012
(0)