So here's the deal. I'm looking at buying a farm ( 8 acres, garage, shed, 2 building and a 2,000sq house). I talked to the banker today and he approved me for a conventional loan, since this'll be my second property. Here's the problem.
The requirements are that the electric has to work, the water has to be good, and the furnace has to work in order to get the loan. The furnace in the house DOES NOT work. Therefore, I don't think it'll get approved.
Is there another kind of loan I can get for about $35,000 that can be put towards a house, but there aren't guidelines like this?
I'd talk to the bank again, but they're closed now.
ANY help would be great!
best of talking to the bank dude, stuff changes
answered Jul 11 '11 at 17:52