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Minimal Blue Blook Requirements for CP loan
Hey there BiggerPocketeers,
I just made my first deal on a piece of land and plan on building a barndominium within the next few months. I will be needing a CP loan and the main requirement is the Blue Book. My Question is, What is the bare minimum I can show my lender to be approved for my loan. The cost of the plans are dependent on the detail of plans. Which Plans can I afford to exclude. The location of the property is unincorporated.
Note: I am a CAD technician for a survey company and will be able to create my own Site Plan and Survey.... if that helps me at all.