Why Most Lenders Won’t Approve Financing For Grain Bin Homes?
Are you planning on living in an eco-friendly, Grain Bin house with endless interior design possibilities? When buying or refinancing a house made from a metal silo, you may find it difficult to get a mortgage. You see, financing is typically not approved due to a lack of comparable sales. Chances are an appraiser will not find three or Grain Bin homes in the same area that have sold in the last 12 months to generate any accurate property value. But, don’t give up hope because HomePromise can help when other lenders can’t.
Easy Grain Bin House Financing
Financing a Grain Silo (or Grain Bin home) is possible with us!
Depending on your unique situation, HomePromise will work with you to see if you qualify for a Grain Bin or Grain Silo home mortgage. The challenge you may find is that many lenders don’t want to finance these kinds of properties because they are unique. Uniqueness scares many lenders because they think the home will be hard to sell if the mortgage ever goes into foreclosure. The concern is that uniqueness will lead to a long time on the market and mounting losses for the lender. But not all lenders are created equal! You need to call HomePromise to see if you qualify for our unique home Grain Bin or Grain Silo loan programs.
If you’re in need of financing for a unique home —contact us today.
I just want to thank you very much for your work to help us refinance our loans. I know you had to do so much work for us and we really appreciate it. If I know anyone who wants to buy a home or refinance I will do my best to refer you to them. Again, thank you very much.
This company out did themselves in my expectations. They were not pushy; they waited on me and kept contact with me even when I wasn’t sure if I was going to be able to refinance. I had a wonderful experience and highly recommend them for your next mortgage needs!
My mother recently had a refinance with HomePromise. The process was easy for her (and I) to follow. The loan representative was very helpful and responsive for the entire process and explained everything. I would definitely recommend this company.
I am a Veteran and they helped me understand the best options with my VA loan. They were great all through the process. I will definitely be telling others about Home Promise.