Building a home on lot outside of a planned development?

Here are some tips and contacts for securing a mortgage –

 

GTE Federal Credit Union -

* offers 90% Financing on construction to perm loans.  The Buyer needs to put 10% Down.

*  The main number to GTE Federal Credit Union is 813-871-2690

 

Trustco Bank –

*  Offers a 10% Down loan with 90% Financing on their construction to perm loans.  The person I spoke to was Richard Eckmeder.  His office number is 813-649-0460.

 

Wells Fargo

* for just a lot loan, 50% down is required and 50% mortgage.

* if you want to mortgage both the lot and the building of the home together, 35% down is required.

Steven Galbraight ‘s email address is steven.galbraith@wellsfargo.com, cell phone – 813-716-4967

 

Regions Bank

***Regions Bank has a NEW construction to perm loan — no mortgage insurance — 620 credit score minimum for a borrower with a maximum income of $44,560. — 97% loan — that is absolutely awesome.  Please call Gina to discuss the interest rate and lender requirements are for this loan.

* they currently do not have just a lot loan program

* for both the building of the home and the lot purchase together, they offer a 25%  down program

I spoke with Gina Hopf @ Regions Bank on her cell phone @ 813-493-3094

 

BB&T

I called the local branch in Brandon and Joy Porch called me back to give me the details of what BB&T offers for construction to perm loans — 25% down and 75% financing for a primary residence.  30% down for a 2nd home.  Please contact Joy for details – 813-792-1781 office / 813-263-6470 cell.

 

Please call me so that I can assist you in any way I can in your search for just the right home, whether you are considering a

local builder in a master subdivision, or building on a lot, or the purchase of a short sale or bank owned property.  I promise to

be with you at every step of the process whether you are a seasoned home buyer or a first time home buyer.  All Services for

Buyers are FREE / Buyer Incentives are Available – Please call for details.

 

Please Call me at 813-624-3332 or 813-991-1355
Stephanie

 

***Stephanie LeFew and Tampa Home Buy Realty are not in the mortgage business.  This information was provided to me by those in the mortgage business.  Please contact each of these banks for lending requirements, details about mortgage, and qualifications.