Cob: Fannie mae reluctaance
Keith Breuker
flyfisherkb at centuryinter.net
Mon Feb 21 14:36:35 CST 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