We love visiting with people about the product and Northpointe makes it easy to originate.

Patti, do you know any lenders in our area that rep this product? 

This is highly specific to the loan product and the lender.

Spent majority of my adult life (2 decades) working with adolescents on Young Life staff.

If the numbers work, why take a chance on a product that has a balloon payment?

In your property folder I'd include a "Closing Folder" with your closing statement and original home inspection (all your major mechanical pictures and ages are there).

. ✨ looking for ideas on to  how to acquire an owner-occupied property  with 5% down by using a mortgage loan product to purchase , improve and  avoid mortgage insurance based on projected value?

The product is called a Bridge Loan. 

Hi @Jaime Ramirez its tough to say without knowing more details but majority of the time price is the largest indicator of what is going on.

Construction of homes began in early 2022.In my experience, my commercial sites move along a much faster timeline, but this one was exciting to finally see a completed product.