The loan officer finally called us bank yesterday and said that while we are approved for the amount of money- but if they can't get "true value" of the house, they will not give us a construction loan. So, basically because there haven't been any other homes like ours to sell in the county they don't know how to appraise it. So now we have to start all over with a new bank. That is as long as we can find someone willing and able to appraise our house plans.
Maybe the third time is the charm!
Post a Comment