HOW TO BUY cottages and townhouses in credit in Texas

HOW TO BUY cottages and townhouses in credit in Texas
Wait a detailed story about how to buy a house or townhouse in a loan?
A detailed story will not work, because the pitfalls when buying suburban real estate is much more than when buying an apartment.
Now there are banks willing to lend as the construction of town houses and the purchase of constructed objects, but:
cottages in credit in Texas
from a variety of banks, mortgage loans, secured loans suburban real estate issue is not all banks that issue loans to buy apartments.
even if the bank gives out a loan against the country real estate, in principle, every object is considered individually and not under any object bank is ready to issue a loan.


cottages in credit in Texas
What are the risks if the bank sees lending suburban real estate talk more about this on the next page, and here is a brief note that when buying a suburban property raises questions related to:
The land, its intended purpose. As the purpose of land may refer to:
- Agricultural land;
- Land settlements;
- Forest land;
- Lands of the water fund;
- Lands of specially protected territories and objects;
- Industrial land;
cottages in credit in Texas
On the lands of purpose allowed capital construction on lands of another - capital construction is not allowed.
cottages in credit in Texas
On the lands of purpose built house?
Liquidity object, that is, the ability to quickly implement the object (if necessary). That is, the bank is analyzing how the object is suitable for year-round, whether there is good access to it (in any season), there is gas, water, sewer, electricity. What's around.
The documents on the subject. But we know how we are building: very often first build object and then draw up permits.
 cottages in credit in Texas
Bank Cottage is not live. Therefore, forest, water, birds and fresh air of little interest to him. Maybe the denial of credit simply because the bank believes the object is insufficient liquidity.
At the suburban real estate lending to banks:
More nagging to objects than they give credit for the purchase of apartments;
Require the borrower to a large share of own funds than when lending to apartments;
Of loans issued under higher interest rates.
Therefore, if you can get a loan secured by a city apartment, and the money used to buy (or build) a cottage or townhouse, this solution may be more beneficial for you.