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Construction Loan

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MIgirl Guest	Posted: Thu Mar 10, 2011 4:28 pm    Post subject: Construction Loan Like 0 Dislike 0 Is there a lender in Michigan that will do a construction to permanent loan with 10% down? After making some inquiries, I've been told I must have 20% down to start the construction loan process. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu Mar 10, 2011 10:33 pm    Post subject: Like 0 Dislike 0 Hi MIgirl, It is true that you should have to offer at least 20% down payment in order to refinance your construction loan to a permanent loan. If you don't offer the down payment, you will have to go for a private mortgage insurance. Thanks
tontineinsulations Joined: 09 Sep 2011 Posts: 3 1.42 Dollars($)	Posted: Fri Sep 09, 2011 5:40 am    Post subject: Like 0 Dislike 0 I have same question that you should have to offer least 20% down payment in order to refinance your construction loan to a permanent loan. I think that you contact other mortgage insurance. _________________ Sound insulation

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