Chosen by Asker

0 equity - 0 loan! It would be a "home improvement loan" - If you could find a contractor that would do this for you - pull the permit, and perform the labor on a loan basis, you wouldn't need a bank. Look for a contractor in need of housing.

by dusty_titus

1 month ago

Asker's Rating: 

If you have no equity, you cannot do a 2nd mortgage or HELOC. This one would fall under personal loan, which would be difficult to get. Adding a 2nd story to a house is a pricy renovation.

by My Take on It- 1 month ago

When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

by Jordan- 1 month ago