Again, that is just for conventional products and everyone's loan to value is the same.

we have a no seasoning product, but it does not involve moving shell gam you are proposing.

I would dig a little deeper, look at the demographics, look at the available product, and look at your objectives - then pick your poison.  

Not sure if you're going FHA or not but I know of a loan product called Home Simple with All Western Mortgage that allows you to make a cash offer to the seller and then refi out with a conventional loan, but my understanding is it requires 5% EMD. 

This is a harder to find product, so we need some help to find good places. 

I'm a realtor in Coastal Alabama and we have a high-production builder down here (DR HORTON).

The initial setup is a little pricy, but I feel they provide a good product Hey Rudy, have you used the service of Boostly?

Build a home and then purchase that product with a personal conventional or FHA loan? 

I would second Bonnie, If we could look at the listing via link we can provide some more productive and effective feedback.

HMLs are a crucial short-term solution for properties needing significant repairs, and for investors not wanting all the red tape that comes with traditional products.