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Updated over 12 years ago on . Most recent reply

User Stats

6
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0
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Scotty J
  • Phoenix, AZ
0
Votes |
6
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Financing Land plus Cabin?

Scotty J
  • Phoenix, AZ
Posted

Hello,

I'm thinking about pursuing a vacation home in a rural area. I'm looking at an improved lot with sewer and utilities available and would like to put a cabin/modular home on it. Something simple like this:

http://www.conestogalogcabins.com/pages/cabins_homes.html

What are my options to finance the deal? Are there any lenders that will do 10% down on construction loans to include the land and cabin?

Is it even possible to finance a kit cabin that I would build on my own or sub contract on my own? Would this require 2 loans, one for the land, one for the cabin?

Also, is it possible to split the deal between 2 families?

Just looking for some guidance on what is available in today's market and what the down payment % would look like.

Thanks

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