I am not an expert in this area but I'm thinking I could possibly use my HELOC for the land and get a construction loan to build the home and once finished roll it into a conventional second home loan.

Nor will a title company provide a complete loan package.Your friend needs a lending attorney to prepare a set of loan documents.

Though I have enlisted my kids to assist with the process.I have a 20 year loan on the RV.

After sent them third email and finally got reply but that did not answer my question.

@Vanessa Switzler recommend checking out Detroit market.The recent NFL Draft, US Census Bureau finally recognizing the city population is growing (has been for 4+ years) and the fact that Detroit beat out Miami for highest appreciation in 2023 is attracting a lot of over-due attention.Already $4.5B of recent investment commitments and counting!

Just a little nervous on the risks and collateral depending on what lane I take loan wise etc.

We put about $50,000 into it and it appraised for $550,000.We then pulled a HELOC for $130,000 on top of ~$50k in savings and another $100k in 401k loans, and $50k personal loan.

While these may all blend together over time, bouncing back and forth, I interpreted the final stage as giving back to the community.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

Conventional loan with a 5% down payment at 3.125% (this was in May 2022).