Seeking land for the payment that is down a construction loan? We purchased a block of land with cash and would like to understand if you can use it as an advance payment once we make an application for a construction loan to construct a house. The advance payment needed for a construction or construction-to-permanent (C2P) loan differs but is generally 10% to 20per cent. The good thing is that the worth associated with land may be used for many or an element of the deposit. For instance, in the event that you purchase a block of land for $20,000 in money and would like to build a house by having a construction price of $80,000, you’ll need a construction […]