|
| hello
we are at the very beginning of the process. We are thinking to build a house. Reading here and on other sources I figured the first step would be to pre-qualify for a construction loan. Maybe someone knows specific lenders in VA where I can call and get consultation? Here is our situation. Basically right now we have a small rambler that we bought in 2009, upgraded (roof, paint, floors, HVAC, deck and porch). We would either build on our land or buy new property with a house for demolition. We live in the area where there are a lot of little 1950 houses, that are quickly being demolished and new houses built. The only reason I am hesitant to build on the lot that we already have is that we could likely make about $100K on this house if we sell it, but I am afraid to sell it and then not be able to buy new land. I guess I need to talk to the lender to see how they come with approvals, what they look for as far as equity etc. |
Follow-Up Postings:
|
| Please call Fulton Bank. They have been great to work with in the Central VA area. |
|
| Thank you, I will try to search them, but I am in North VA, in DC area. |
Please Note: Only registered members are able to post messages to this forum. If you are a member, please log in. If you aren't yet a member, join now!
Return to the Building a Home Forum
Instructions
- You must be a registered member and logged in to post messages on our forums.
- Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review the contents and make changes.
- After posting your message, you may need to refresh the forum page in order to see it.
- It is illegal to post copyrighted material without the owner's consent.
- HTML codes are allowed in the message field only.
- No advertising is allowed in any of the forums.
- If you would like to practice posting or uploading photos, please visit our Test forum.
- If you need assistance, please Contact Us and we will be happy to help.