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About Lemelia Bonner
Expertise
New Home Consultant specializing in alternative building/purchasing methods. Expertise in all types of building systems, incl. but not limited to: modular, post & beam, panelized, dome, solar, experimental. Good familiarity with products, quality, processes and service of all leading manufacturers. Can also assist with locating specialized lenders, reputable owner-builder programs and affordable custom design services. For more on modular home design, visit the expert`s website at www.custom-wise.com.

 
   

You are here:  Experts > Home/Garden > Home Improvement/Repair > Alternative Housing > Mortgage for dome house

Alternative Housing - Mortgage for dome house


Expert: Lemelia Bonner - 9/12/2004

Question
Hello,  I have a dome house that I'm selling to interested tenants (current mortgage is not assumable).  My tenants don't have a great credit score, so they got approved for conventional home but not for a dome. There isn't enough history of dome sales in the area to make the banks comfortable.

Can you recommend a lender(s) that specializes in alternative housing?  Anything else you might suggest short of dropping these folks as potential buyers?

Thank you,
Dulce

Answer
Hello, Dulce

The company that I'm most familiar with for alternative home lending (both purchase & construction loans) is Waterfield Financial Services. Below is their contact information:

E-mail: consdiv@waterfield.com
Phone: (800) 305-1337

I understand that CTX Mortgage may also be a source. They are trying to expand their services to do more lending on nontraditional homes.

Lemelia

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