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Looking for a 1 time construction loan in Atlanta, Ga

Looking for a one time close construction/mortgage. I have funds to do 80/20 LTV, I'm debt free, but FICO ~660. I already own lot free and clear, and own 4 additional properties free and clear. My wife has better FICO but I am the wage earner. Tried BB&T... no go. What other options are out there? Final home value will be in the $560k range. Thank you, by nunnyd from Atlanta, Georgia. Nov 17th 2014 Reply


Kathleen Smith (info@superjumboloans.info)
#232 ranked lender in Florida - 25 contributions

you would need a private banking product. The owner here is a top tier investment banker looking for borrowers with loans around 500k. please email me so i can request infoKathleen Smith Harbour Equity PartnersPrivate Client Services, LLCAdmin Assist. | Private Banking and Client ServicesNY Office 631-757-9700 Fax. 631-991-9142Email. Info@SuperJumboLoans.Info

Nov 17th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

The best way to find this type of loan is to contact a local mortgage broker, not your big box bank.. typically, the banks only have a few lending programs, but the broker deals with many lenders (i have 21), with each one offering a different lending program.. so for this reason, I would suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Nov 17th 2014
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Larry Gray (lgray_312_247)
#563 ranked lender in California - 1,127 contributions

I concur with Mr.Acres....consult with an experienced local broker! Most are direct lenders for some basic mortgage loans these days, but have many options as a broker that alot of banks will not have!

Nov 17th 2014
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Thomas Dasta (lendfm)
#32 ranked lender in Georgia - 42 contributions

I think I can help you. Please give me a call at 678 571 7433 when you have a minute.

Nov 18th 2014
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Jeff Cost (midwestlender)
#40 ranked lender in Ohio - 163 contributions

I can do a traditonal construction loan for you but if you are only open to a "1 time close construction loan" then I would recomend you go to 5/3 rd Bank retail branch or Huntington Bank retail branch. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wallOr Call Anytime 513-403-6260

Nov 18th 2014
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Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

your challenge is the 660 score, and if you don't have much for open/active tradelines that may be holding your score down. Construction loans are considered fairly risky and often require pretty strong credit and reserves. Kathleen (above) says she might have an option, or check local credit union's or community banks. Good luck

Nov 18th 2014
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Sara Deere (Saraloveshomeloans)
#1 ranked lender in Kansas - 516 contributions

You might also try your local Open Mortgage branch. Open Mortgage has a one time construction close program.

Nov 18th 2014
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