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Updated almost 8 years ago on . Most recent reply

Jonathan Desjardin's profile image
Jonathan Desjardin's profile image
Jonathan Desjardin
  • from Randolph, Massachusetts
  • Member since Mar 24, 2017
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Jonathan Desjardin's profile image
Jonathan Desjardin's profile image
Jonathan Desjardin
  • from Randolph, Massachusetts
  • Member since Mar 24, 2017
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Jonathan Desjardin
  • Randolph, MA
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Private Lending & Conventional Mortgage Advice

Need HML for New Home for 6 Months

Jonathan Desjardin
  • Randolph, MA
Posted

I am trying to purchase a new construction house. I am self employed for 4 years but only have 1 year of w2 so I can not get a conventional mortgage until next year. The home is $515k I have $100k to put down. I need a hard money loan for $415k for 6 months. The home is set to be compeleted being build end of June or July. Is this something a HML would do and what would it cost?

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