I Have a Home Loan Question?

home loan

I got a call today that i got aprovd for a home loan, but i already bought land with the intent of building or puting a modular home on it, The land means everthing to me. but i cant find the right kind of loan. i dont want an exsisting home does anyone know any loan company that deal with construction or modular home loans. i have a blimish on my husbands credit so i need any advice i can get

Second Home Loan Versus Investment Home Loan Criteria?

home loan

I am trying to buy a house as a following home, but the bank says that it force have to be bought as an investment. A following home loan has much better terms (e.g. 5% down versus 20% down). They mentioned a touch about the house possibly not being in excellent enough condition after the appraisers look at it. What are the criteria for “not excellent enough condition”?