I would be happy to offer insight from a lender's POV and discuss different types of loans, because as you mentioned there are numerous types. 

While among the most overpriced in the nation, according to a study by Florida Atlantic University, its strong economy and household growth are on its side.New-home sales for the larger metro area have decreased 12.3% year over year to an annualized rate of 11,738 units in June.

Not to mention BYU-Idaho and Idaho State University, and Idaho National Laboratories, just to name a few things that bring people here.We work with many out of state investors wanting to buy LTR and STR in the area, and I also offer property management services.

I know this as an Architect who has 20 years of experience and numerous clients who are developers that always try to do something similar.

I’ve sent numerous emails with questions on if there are any inactivity fees, minimum draws, cancellation fees, etc. and the response I get is that they can confirm everything over the phone.  

Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing.

I paid a real estate lawyer provide one for me but it was over 14 pages long and included numerous sections for commercial, land, and environmental reporting.

I also have  a local lender to Pensacola that I will work with next as they have similar products, and I think they will be more efficient (Kiavi is a national lender).

Not to mention our appreciation has been 8% higher then the US national average, because of the high demand for affordable housing. 

Hey All - I am currently going through the studying phase for my state and national exam here in PA.