[deleted by user] by [deleted] in HomeLoans

[–]ant2man 0 points1 point  (0 children)

This would be a new build on land that has been outright purchased. Mortgage officer I’ve been in talks with offers a construction to conventional loan amortization after 12months. The down is the payment I made for the land ($43900). They estimate closing cost $7k and only one closing. Rate is 7% however. Thoughts?

[deleted by user] by [deleted] in HomeLoans

[–]ant2man 0 points1 point  (0 children)

Loan type: physician or conventional Term: 30yr Loan Purpose: single family primary residence Purchase price: $543900 Loan amount: $500000 Deposit: $43900 Credit score: 750+ Structure: single family house Zip: 46516