Construction Loan



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Answer #1

The lowest down payment requirement I’ve seen is 10% through Brent Mendelson at Monarch. More details here:
http://www.choicefinance.net/blog/2011/10/construction-to-perm-loan/

Answers Answered By: choicefinance.net Level Rating148points
Answer #2

Thank you for your question. Do you currently own a home that has some equity in it? If you do that equity could possibly be used as the down payment. Outside of that lenders are requiring 20% down. I haven’t heard of a 10% down construction loan, but if there is that will be your best option.

Skip Kittleson
Access National Mortgage
NMLS# 658891
301-252-7924

Answers Answered By: Skip Kittleson Level Ratingpoints

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