If the plan is to stay with a commercial loan, the construction finance and permanent loan can be one product, with typically a 12 month interest only period during construction, then rolling into a principle and interest payment afterwards. 

Kendall set out to answer what she felt was a call to action and approached CMHA and others about the project.Together they developed Harriet's Hope, believed to be the only affordable, permanent community specifically for human trafficking survivors in the nation.The importance of housing for human trafficking survivorsHarriet's Hope is part of a larger initiative in the state to end human trafficking and fulfills a critical missing piece — safe, affordable and accessible housing for survivors — in its efforts, said Ohio Attorney General Dave Yost, whose office has a human trafficking commission.The lack of a safe place to go can make individuals very vulnerable when it comes to human trafficking, according to advocates.

From our experience (PA) and that of our colleagues around the country- the general consensus for a modular to be considered "real estate" and not personal property it must :-Be a double wide home minimum-Be permanently affixed to a foundation.

Anthony F. at Fund&Grow made the credit approval process a breeze.

In a state that a lender can get a deficiancy judgement if the deal goes through foreclosure the client can get their credit trashed and end up with a big fat judgement against them.. ( state specific).the reason your probably getting buyers that want to do this is because of all the online notoriety currently like Pace Morby who is huge in the space and the legions of students and followers and then to a lesser extent there is BP's own Sub to Guys..

So the property isn't yet ready for permanent debt.

The hard money lender has tons of experience with lots of flippers in your market and if they approve the loan you'll know there's enough fat in the deal for them to be repaid. 

Banks may also offer a construction to permanent option and in some cases you can negotiate a stabilzied release which can be a cost effective option in lieu of completing a refinance.

Considering other choices, including buying a single-family house for your permanent residence and looking into different areas for mid-term rentals, can be worthwhile given your family's needs and preferences.

With the FHA loan there is a 1.75% funding fee and permanent mortgage insurance