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Thread: Residential construction lending

  1. #1
    Cyburbian SGB's avatar
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    Nov 2002
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    Champlain-Adirondack Biosphere Reserve
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    Residential construction lending

    Anyone have any solid ideas as to whether commercial lenders can legally exclude modular construction (i.e. two or more "boxes" factory built and assembled on a lot) from eligibility for its construction lending programs?

    The HUD website seems focused on descrimination by race or other socio-economic factors, rather than construction type.

  2. #2
    Cyburbian Emeritus Chet's avatar
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    Aug 2001
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    South Milwaukee
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    My best friend is a mortgage underwriter. Yes, depending on the lending program, they can exclude or place additonal requirements on these structures.

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