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Question
Hello Brian, I have just read a question sent to you from a lady named Karen. I have the exact scenario.
The Property is worth between $200-250,000. credit so-so (575 score)the land value $40-50,000. Looking for 90,000.00 willing to accept adjustable. Please help.
Mario
I talked to another lender today. If the borrower has an office in the area, they might help. Look for M&I bank. Also, Chase has a program for energy efficient homes.
I have talked to several brokers. If the credit score was 700 or above, they would look at it. I think the only way to do this is through a local bank, or a local S&L or private financing.
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Brian McElroy
Expertise
I am a home builder in the Tampa Florida area specializing in energy-efficient homes built with precast concrete wall systems that are hurricane resistant to 235 mph. I have researched and used many methods of new home construction and find this the most cost-effective, environmentally-friendly method of home building for this area. I am also investigating other alternative methods to improve my products. I am a member of the Florida Green Build Coalition, EPA Energy Star Program, and have other affiliations involving energy savings, safe building practices and quality construction practices
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