I was also able to meet them personally at their conference in December and it validated my online impressions. 

But if not BankofAmer, would another mortgage lender take on the 2 mortgages and blend the interest rates together based on my credit and possibly even cash flow?

@Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud.

Would you all feel comfortable or is it safe to have a mortgage on the property if the value is just the land at the beginning of the build?

I currently have a mortgage of $25,000 on the property, the property value is around $220,000 to $240,000.

If it's not assumable per the documents ask him to reach out to the seller (now his lender) to see if they'd consider letting you assume the mortgage.

Here is the link to the parcel if it still works: https://landequities.com/oregon/r341197The online billing site works very quickly to take your money, and you come out of it staring at a page with no relevant information, no confirmation of sale, nothing. 

Pay the mortgage.

What is your current mortgage rate? 

Thanks@Ann McleanAny commercial bank or mortgage broker can help you with your need.