I have a small residential lot in Montford. The weak economy is slowing down financing options. My goal was to build a small home soon so I could take advantage of low 30 year mortgage rates once completed, but I don't have the resources to immediately borrow 200,000 or more for construction cost. Are there any creative financing options to do this? Or construction companies that might either finance or take payment FROM ultimate 30 year mortgage closing? Or other options?
P.M. ~ Montford, Maryland