Obtaining a Loan, Permit, Mortgage or a Better Interest Rate, Part 6

Most housing starts are built in the traditional “stick” style, as factory built or modular housing, based on the traditional rectangular paradigm. People like to build what is familiar, traditional and nostalgic. Many home buyers and builders tend to use styles which ensure ease in obtaining a loan or building permit.

Many banks are selling mortgages for dome houses and facilities such as churches and holding tanks. However, some banks will not sell mortgages for dome houses because they fear that the house will not re-sell in the future. For ease in building domes, some web sites give advice on obtaining loans, permits and mortgages.

One benefit of a dome home is that its energy efficiency can help in obtaining a lower monthly interest payment by obtaining more lenient qualifying standards. Simple dome houses can even be financed as the project progresses, as an out-of-the-pocket expense. (American Ingenuity, Inc.)

Reference:
For more information on American Ingenuity see

http://www.aidomes.com/