All Forum Posts by: Jory A Hicks

Hey Steven did you ever go for it in Indo? 

 Thank you @Obed Calixte I'll check it out. @Steven Foster Wilson  @Mack Lengel Yeah I did talk to a few local lenders I know, but I think I've actually found it you guys. I ran across US Bank and so far I would highly reccomend. They're super fast, they have the 10% one time close construction product I was looking for. 

Hey everybody, I'm in southern Oklahoma, about an hour north of DFW. i have just gotten an acre under contract and want to do a one time close owner occupied construction loan. Looking for sub 10% down on this.. I know it exists somewhere but having a hard time finding it locally. Is anyone else having any luck with such loans? I know at one point you could do as little as 3.5% down. Thanks in advance for everyone on here spreading the good word..

Thank you sir. As far as appraisal value unfinished, do i need to order an appraisal or is it normal to just go off of nearby recently sold comps, have builders give me quotes and negotiate my purchase price off of that? Or do you typically want to order a new appraisal if interested. I guess that part throws me off, the time it would take to appraise vs snagging the deal without overpaying. 

Hey everyone, I am looking for lending style advice or a lending contact anyone may have for this deal I found in the North Texas area. It is an unfinished new construction. The investor & builder fell out and now someone is trying to wholesale it. It is fully roughed in. Seems like it could be a nice rental property with a decent amount of equity if I could pick it up and finish it out. What are my best options for a purchase + finishing budget. Looking to talk with some lenders about this. Thank you all.