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Brad's Forum Posts: 2
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By Brad in Glendale, AZ on 8/2/2006


Has anybody heard of these two website companies?

buildmax.com and build100.com

 

I am trying to find a 100% construction load company. I found a lot for $120K and appraises for $160K. I am looking for no out of pocket cost. My credit score is in the 700's. Every loan broker or bank I have talked to wants either 5-10% down on either the lot or construction load. These websites state they can do this, however I have my suspicions, Especially an online company. Thank you for any feedback

 

Brad


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By Dale in Richland, AZ on 8/3/2006


Haven't worked with either company myself, although there are some here who have. You may want to troll through the "financing" topic. One specific topic has a list of finance companies.

Loan companies want to make a profit on lending you money, and usually they expect you to have a vested interest in the project so they don't have to worry about you walking away from the loan and half-finished house. It may end up being 100% financing on the back end, but they generally want you to put some cash into it on the front.

Being in AZ you may want to check with Washington Federal, they are pretty good to work with.

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