You can buy an excellent Freddie Mac-recognized financing for new framework are produced property below certain standards. First, the purchase transactions have to solely end up being intended for top and you can 2nd quarters home. 2nd, cash-away refinances will never be desired.

The loan proceeds can help you choose the residential property ( you can very own the new land individually). You could use them to expend charges for transport and you can build web site preparation, installment, and you can energy relationships, offered you document them. Read more “Have you been Allowed to Generate the house to the Individual Land?”