I suggested, he reach out to Floridacentral Credit Union that his mother has used for years and apply for a refi loan.

We are new to real estate investing, but bring a wealth of experience from our military backgrounds and are eager to learn all we can.

After I moved out, I separated from the military.

I "accidentally" fell into my first property (I bought a place right away, at the right time during the heart of COVID), but then moved to the North Carolina area because I am on active duty in the military.

I remember growing up in memphis and going to the military.

@Jamie Parker  I would start talking to local banks/credit unions that do investment property construction loans once you have identified the project and have some details. 

DSCR 1 ratio will get you best terms depending on your credit and LTV for many lenders who specialize in DSCR loan products which in many cases isn't banks or credit unions as they don't feel as comfortable with the products as conventional loan products. 

This would be zero issue in Indianapolis and tons of normal conservative old school banks or credit unions would lend on this 75% of as is value and 75% of additional construction cost as long as not more than 75% after repair ARV.

I know they can be financed just like a stick built construction loan, however, my credit union is not doing construction loans right now and does not have a time frame for when they will (SECU).I want to use the land as down payment if possible and finance the modular and the site prep for it.Looking at getting a new modular duplex or a SFH. 

I am also military.