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Updated almost 8 years ago,
Construction loan how much down needed?
Hi
I am about to purchase a land and wanted to build a house lot is approx 8000 sq ft and I think will build in budget of 300K including all construction, fees everything, may be 2000 or so sq ft. I was wondering how much down payment is required for home construction loan as I am new to this and exploring many things including, how to get trees removed, looking for general contractor etc etc? Appreciate your help, home is in Bay Area (south bay)