Hi Joe, I have a customer who is looking to do a construction loan for a duplex, is that something you would be able to help with? I gave him your number so he could reach out but wanted to give you a heads up. The customer’s name is XXXXXXXX XXXXXXX and the purchase price is for 410k. I believe he will be putting 30% down on the purchase price.
Not something that is presented to me very often, but yes we have two different lenders that will do a construction loan for a duplex. Always glad to be the go to mortgage broker when banks can’t do a mortgage for a customer.
These construction loans can be done as a conventional mortgage and mortgage insurance can be avoided, but they can also be done as FHA or VA loans.
Subscribe to my blog via Email:
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.