Updated over 10 years ago on . Most recent reply
Buying Lot for a Prefab, What types of loan(s) is the best?
Okay so the setup is there are a few lots out near the Portland/Vancouver area in Portland. It is zoned correctly for prefabs (Zoned for single/multifamily & Prefab is okay) and my thought was to purchase the lot and a prefab home for it. The sticker price not including assembly of the prefab is going to be between $80,000 and $110,000 the land is around $50,000.
What types of financing do you need in this case? It seems to me that I might need two loans for this or some type of construction loan. Please help!