As suggested give a date for him to commit and then move on to another applicant.

In my own research I have found that you can refinance from one FHA loan t another and even better they will give you a 85% LTV rate on the cash out refinance, however there is a catch.

At this point, you are committing to going through with the transaction short of any fraud or some other serious misrepresentation.

In my experience the bank providing the construction financing will set up a deal with you committing to fund the unit mortgages until approval from the government entities is achieved.

Hi @Takidia T jennings,I am glad you found the info helpful.

I've finally decided that this is what i'm going to do. 100% committed, I'm looking for any advice from experienced REI.

That being said, I'm committed to doing so, even if more traditional finance options are not open to me.

@Chris T. 

Thanks @Sam T. !  

Originally posted by @Sam T.