Q: We are a childless couple in our 60's and about to retire from the NE to the SW- New Mexico is our option. Given that we are not rich & have no requirement for a 3-4 bed room house, however DO require a large lot, at least 3/4 acre, we are interested in constructing a cost effective, SMALL energy- effective house, like the ones designed by Laura & Alex Sanchez in their book, 'Adobe Houses for Today'. We are especially thinking about one of just 862 sq feet, plus a garage. Just how much problem are we going to have getting funding for a home of this size in a good development or lot near standard power and water? Can you suggest any lending institutions we might talk to in the Silver City location of NM ?? A: (Quentin Wilson) I do not know the Silver City scene however up here in the environs of Espanola loans on adobe homes are almost regular.

In both cases I start with the bank president in these small banks. One president of Valley purchased an adobe home that I had actually constructed so during his tenure the bank was wide open to my concepts. Another president who likes adobe then went to the Neighborhood Bank and is still there. We even worked with the Bank of America in Espanola as soon as - What is a swap in finance. If the rural argument can be made then you would likewise be eligible for Farmers Home Administration (What is a consumer finance company). The name has actually altered but individuals are the very same. There suffice off the grid, off the wall, off stick built building and construction, off in every way types of people around Silver City.

Q: I need aid in getting in contact with a broker that does construction to long-term loan for a second home in North Carolina. This house will be log and what we need the most is a loan provider who will take or offer credit for the equity as cash for our down payment towards the loan. We have owned our land for 6 years and I can't discover anybody who will allow us to utilize our land as a down. Any answer or guide you might have for us would Click for info be fantastic, otherwise our dreams will concern end. A: I would suggest that you look for a regional, independent neighborhood bank in your area that does building lending.

Plus it will cost a lot more in costs due to the fact that they cant do anything themselves, such as inspections. They need to employ structure inspectors or designers which can encounter a great deal of cash. There are neighborhood banks all across the country that do this kind of financing, plus you get the personal service dealing with someone local. All business banks will use made equity towards the deposit on your loan - What do you need to finance a car. They may balk if it is unearned equity such as inflated appraisals however you do not see much of that in today's environment. Q: My spouse and I have fallen for an earth-berm house for sale up here in northern Wyoming, however we can't discover traditional financing for it due to absence of comps.

A: I would recommend that you get in touch with the local, independent community banks because location. They are more likely to be able to do unconventional homes such as that rather than a big lender like Wells Fargo. Likewise, you may see if there is a home loan business by the name of Affiliated Financial Group in that location. They are very helpful in doing that sort of financing. Q: We are trying to construct a "healthy house" in Tucson AZ using natural materials and no chemicals as much as possible. We are having trouble getting financing using "natural methods" of termite control rather of the chemicals.

Q: My hubby and I are trying to develop a strawbale house and we are having problem getting a construction loan. We don't own the 100 money back guaranteed land yet - How many years can you finance a boat. How to finance an engagement ring. Can we get a loan for both the lot and building and construction for a strawbale home? We reside in Idaho, can you or do you understand anyone who can assist us get financed? A: I would suggest that you call one of your regional, community banks in regard to getting your home financed. There is a company called First Mortgage Business in Colorado Springs that would take a look at doing your irreversible financing. If you can get that organized, then among your local banks would most likely do the construction loan for you.