You should probably try and obtain conventional financing and purchase the property outright.

Extended lock options vary and are designed to add value to both the buyer and the builder since it gives the buyer insurance against future interest rate risk and the builder receives protection on their accounts receivable/inventory.If you're obtaining your own construction loan and take out/perm financing in one package, local/community banks may be a better option for owner occupied construction or spec build financing products.

source: http://www.redfin.com/DC/Washington/308-T-St-NW-20001/home/100463661,278 sf in LeDroit Park, Washington DC

After obtaining a spreader loan (basically a blanket Loan) I continued to buy properties cash or hard money.

t.

t touch your money until you are over 59 1/2 and if you do - you are taxed and penalized heavily!

I'm a veteran and notice that through the SBA a business loan of up to $350,000 can be obtained at pretty good rates.

Also, place a test ad on Craigslist for a similar style house at the rental rate you would like to obtain and gauge the response.

-Work w/ the underwritters now to see if it is an issue, compare the cost of SFH t duplex there to see if it even creates a difference in value.Bottom line- a good agent would have looked at this and made you aware in advance and you can view it yourself as Norfolk has one of the best sites for RE, which includes an entire zoning map.

The seller believes the ex is out of the country and unlikely to obtain a quit claim from her.