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Updated over 12 years ago on . Most recent reply
Financing Land plus Cabin?
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