VA, Single-Family, Construction, $550K, 740 FICO, 60% LTV
Posted on 5/21/2016 6:55:04 PM
Hello, my name is Boris. I am looking to obtain an unusual lending arrangement. I am under contract for a lot in Northern Virginia, and plan on building myself. The general response I received is that banks are hesitant to lend when there is not a class A builder involved. I have 250k cash to put down, and would need 550k-600k to build. LTV is 60%.