Loan amount
$200,000
Loan type
As-Is Property Value
$230,000
LTV
87%
{LTV}
Property type
Single family home
Borrower Details
Credit score
700
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Nevada
Loan Details
Additional Loan Information
First time home owner/builder. Looking to purchase the land and build with a construction loan. $200000 is the total loan needed. $40,000 is the construction budget. $70,000 is the approx. land budget. Additional funds for digging a well, bringing in a power pole, as well as installing a septic to make the house livable. The construction timeline is about one year. The estimated value after construction is upwards of $230,000. I am not in contract yet. Located in Spanish Springs, Nevada. I plan on living in this home.
Status
Closed
Created
October 21, 2019 - 8:28pm
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