Need creative mortgage

QuestionsNeed creative mortgage
asked 4 years ago

I have 720 middle FICO, wife has 690 middle FICO.


We need a $ 285k mortgage to get a home build started.  The builder carries the note while building so no draws needed.  I just need something that says we are approved to get the home.


We own a home free and clear and it is valued at $ 180k on zillow.  We will use all the proceeds towards the new home.


The problem is we make $ 50k a year combined. 


Anyone have a creative idea?

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