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Cob: Fannie mae reluctaanceKeith Breuker flyfisherkb at centuryinter.netMon Feb 21 12:36:35 PST 2000
Hello Friends, We recently passed our final inspection and got an occupancy permit for our earthen plastered SB house. We had no trouble getting a construction loan from the local bank. We discussed with the banker getting a fannie mae mortgage when the house was complete. I told him about several fannie mae financed SB homes that I had heard about from the list and he is willing. I just heard from my banker that fannie mae is reluctant to finance our SB home because it is in Northern Michigan. I am looking for information that I can use to convince the people at fannie mae that this would not be a speculative venture. Thanks in advance for any assistance. Keith Breuker
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