Unfortunately the short and mid term markets are slowing down.

We did have one, but took it down for iOS and have long-term plans to resurrect it.

Keep looking down this road I don't believe that you will be disappointed. 

May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.

Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go  up and down through out the year..

We're looking at a rather large loan and I feel like we could go down a different road if this place is not legit.Thanks. 

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

The interest rate is not special nor is the 20% down (80% LTV).  

It might make the most sense to just sell your primary residence and use it as 40% to 50% down payment on your future home. 

@Melissa Vass Scott The Midwest is doing better than most of the country.Detroit, Cleveland, Indianapolis and others.What criteria did you use to narrow your cities down to Cincinnati & Columbus?