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ttina_gw

Construction Loan In MI - Searching For Low Down Payment

TTina
12 years ago

Hi, I have picked the absolute worst time to buy/build a home. The big wigs claim it's a buyers market but all the homes available in my price range are in very poor condition, so I am looking into having a small home built. I recently moved from TN to MI and I'm having trouble finding a mortgage company/bank in MI to finance a new construction loan for 10% down or less. So far, is all I have found are loans for 20% down and I do not have enough money. Does anyone know of a mortgage company/bank that offers a lower down payment on new construction. Any help will be greatly appreciated. Thanking you in advance for your kind assistance. :)

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