These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.  

Their decision to expand into Ohio is not just a strategic move for the company but a significant boon for the local economy.

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.

Do you mind sharing the name of that type of loan/lender that allows you to have the seller carry on a second position?

Hi @Fulati PaerhatiI'm local here in Memphis and for that price point, I would recommend the Millington and Oakland areas. 

@Kyle Carter People hit on the obvious, hype and excitement of a large name company like apple moving to an area. 

I live in Tacoma, WA…a lot of folks don’t want to deal with having to learn the local housing laws.

So it takes comprehensive knowledge of the market trends, zoning laws, the local municipalities approval process, survey cost, subsoil conditions, irrigation requirements, development cost, utilities (gas, power and internet), city water or well water, city sewer or POSW to name just a few...A builder developed the farm field next to our SD, bought it for $1.5M and wanted to build 25 homes as a conservancy subdivision.

If you manage to get this off the ground and do some verified - meaning paperwork is in your name, or company's name, etc - projects that turn a profit, and you build some capital in a bank, you should be able to go right to that lender after a year or two and start a relationship no problem.  

The fideicomiso or bank trust, whereby the title is in the name of the bank but they don't lease the property to you; you're the owner for all intents and purposes.