Buying home with no money down . . .?
If I have land given to me by my parents, and the land is valued at approxiamtely $ 80,000, could I get a no-money down loan to build a house on it if I borrow off the value? also, my credit score is bad, just as reference. I’m looking to put a modest modular on the property.
Just to clarify, a modular is not a mobile. It is a home with a basement, unlike a mobile, which generally comes in one or two pieces, and is on a slab. Modulars are an alternative to stick-built.