I’ve been doing the 100% Investor Stated Program (Construction Perm) for a while now, but it seems that well has run completely dry and no banks are willing to touch it anymore. So I’ve been changing directions and I have been attacking the first time home buyer market with a GREAT PRODUCT for it’s price point. $199,900.00 Pool home in cape coral fl which includes lot, etc.
Now the problem I’m running into is I have a lot of clients that want to purchase these as owner occupieds (for some reason I can’t figure out how to spell occupieds?occupides? just doesn’t look right! ANYWAY) but they can’t come out of pocket $10,000.00 (5%) to make it happen. Does anyone know how I can get around this, or is there construction lenders that will do 100% Construction Financing on owner occupieds,occupides? (That word again). Please HELP!!
Thanks