We have a lender that will do 10% down on construction loans. They rolled the

Jun 21, 2018
1:19:32pm

David Lo Pan Starter

down payment from our lot loan into the down payment on our construction loan, so I would think your equity in the lot would come into play. We got a 7/1 arm at 4.25% (locked a couple of weeks ago).

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David Lo Pan

Previous username: patentattycoug
Bio page: David Lo Pan
Joined: Jul 14, 2011
Last login: May 4, 2024
Total posts: 1,918 (6 FO)

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Messages

Author

Time

Question on downpayment for construction loan on house. If I own the lot free

Bro

6/21/18 1:09pm

You should be able to use the lot as collateral with the bank

Nat Gas Man

6/21/18 1:12pm

That's what I'm thinking. Just wanted to confirm.

Bro

6/21/18 1:19pm

I don't know the answers, but here is some general info from MACU

AFewThoughts

6/21/18 1:12pm

We have a lender that will do 10% down on construction loans. They rolled the

David Lo Pan

6/21/18 1:19pm

Thanks.

Bro

6/21/18 1:21pm

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