A construction loan allows you to build the home of your dreams. You can get a construction loan for as little as 5% down depending on the lender. In some cases, if you own the land, it can be used as your down payment.
The construction loans we offer you close one time to save on closing costs unlike some loans that require a closing upfront and another time at the end.
If you already own the land outright the loan would be considered a refinance, and the land value can be used as your down payment. As a refinance they can use future improvement value to establish a lower loan to value.