What kind of loan for construction, please.
We bought our land outright, as well as a modest mobile home to live in during construction, which is installed with water, septic and electricity. We'll have the home constructed for us to a dried-in stage, then take over and finish it ourselves using mainly my monthly paychecks to purchase materials (and the resale from the mobile home once we get a certificate of occupany for the main floor). Our hope was to do the whole thing without borrowing money at all. However, we've recently loaned money to a family member and now need a relatively short-term source of money to bridge any gap to the dried-in stage. $20K or so. What kind of loan should we be looking for? Thanks very much for any suggestions.