Getting a new construction loan to build your dream house is exciting! You may already have ideas of what you want while you scour the internet for the perfect floorplan. You’ve watched enough HGTV you feel like a designing pro. You’ve even acquired the plot of land on which this palace will sit. So now what?
You’ll be in need of a construction loan. One of the most common questions we get from people building a new home is whether or not they can use their land as a down payment on their construction loan.