Construction Loan for first time buyer, Accord NY

Construction Loan for first time buyer, Accord NY

New to Real Estate · New York City, NY · Member since 2016 · 12 posts · 4 votes

Hello good people!

How to go about getting a loan to purchase and build on a vacant lot around Accord NY?

We think we found a vacant lot we like, listed by the seller's agent who is professionally committed to represent the seller.

We need to make an offer and be ready to proceed

Any Lenders, Real Estate Agents, or Builders you would recommend for Accord NY?

Thank you!

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  • Jason H.Pro Member
    Rental Property Investor · Pittsburgh | Chicago · Member since 2016 · 115 posts · 54 votes
    6y

    Congrats on the search.  Assuming this is for a personal single family residence and not a commercial multi unit? If it’s for the former, you can PM me for the details on a potential lender.   Also if that’s the case, you’re going to be getting a CP loan - construction to permanent loan and the loan amount will be capped around $485k (I think they may have raised it a bit this year).  You can go higher, but it will be a JUMBO loan I believe.

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