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Any construction to perm loans with 5% down for high loan amount? In Murrieta, CA

by taryn_janae869 from , . Nov 19th 2017 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

More info needed, but in general.. Unless you already own the lot you wish to build on and you have sufficient equity to satisfy the lenders minimum 20% down payment requirement, i'm afraid you wont find any lender out there willing to do a 5% down construction loan.. let alone a construction to perm.. 10 years ago.. this loan was everywhere.. but since 2008.. it's all but non existent.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Nov 20th 2017
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