Comments on: New Home Construction Loans Everything You Want to Know

By: eeb

eeb — Sun, 31 Jan 2010 08:14:59 +0000

Check with Washington Mutual or Countrywide they are one the biggest companies that fund construction loans. Regarding the foundation you can expect to pay 8,000+/- depending on sqft, if the land requires a septic system that can vary greatly depending the code requirements where the house is being built, the utilities will need to be brought from the street to you house, that’s true for sewer (if not septic), water, electricity, cable and phone. Sewer varies by the number of feet from the road and can cost $35,000 (or more). The further away the house is from the street the more it costs. The other utilities can be combined into a ditch which you will have to get a subcontractor to dig for you. You can expect to pay 1.20-2.00 per foot for the ditch to be dug and backfilled. You’ll need to check with each utility individually on what they charge, if anything. Coordination with everybody is the key element.

Semper Fi Marine!
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By: lovin_2beme

lovin_2beme — Sun, 31 Jan 2010 08:12:59 +0000

Jesse .. Talk to the people you are getting the mobile home from, they can act as your "contractors" and get people to do the whole thing and give you a turn key price.

You will have to check around .. some loaners dont give mortgages at all for mobiles .. I tried to sell ours and three buyers got turned down because it wasn’t "stick built" .. I really don’t know why because we didn’t have a problem getting the loan when we put it in.

Good Luck .. I can imagine it to be way difficult doing this from Iraq!
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By: jose

jose — Sun, 31 Jan 2010 08:10:59 +0000

Mr Perry ,I dont know what the laws are in Kentucky so I cant help you ,,but THANK YOU FOR SERVING YOUR COUNTRY
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By: goiserclause

goiserclause — Sun, 31 Jan 2010 08:08:59 +0000

get a construction loan
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By: jesse p

jesse p — Sun, 31 Jan 2010 03:06:02 +0000

New home construction?
I am planing on Buying a new Mobile home and setting it on a conceret foundation. I am also buying land for the my home no less then ten acres. What i would like to know is there any type of loan out there that will let me complete my goal all in one, so i dont have 3 or 4 loans at the same time. Second thing is the cost. I know the cost of the Mobile home and land, but i dont have any ideal what the foundation or the rest will cost like water, electrice, cable, and so on. The land i am looking at does have everything avalible just will have to be hooked up to my home.
I am biulding in Lawrenceburg Kentucky 40342. I am in the Marines and i am trying to do this before returning home from Iraq. I leave in september to come home, if anyone has any answer that will be helpfull please let me know.

Thanks,
Jesse Perry
(Cpl Perry)