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Updated over 6 years ago on . Most recent reply

Zab Khan's profile image
Zab Khan's profile image
Zab Khan
  • Contractor
  • from Fremont, California
  • Member since Jan 31, 2018
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User Stats

50
Posts
17
Votes
Zab Khan's profile image
Zab Khan's profile image
Zab Khan
  • Contractor
  • from Fremont, California
  • Member since Jan 31, 2018
Connect
Zab Khan
  • Contractor
  • Fremont, CA
17
Votes |
50
Posts
Private Lending & Conventional Mortgage Advice

Best option to finance a 1 acre parcel?

Zab Khan
  • Contractor
  • Fremont, CA
Posted
Hi guys, So I am interested in exploring my options to purchase a 1 acre residential parcel of land in the East Bay Area. My question, What is the minimum down payment that I would be required to come up before a lender would consider financing? I’m a GC and am seeking to purchase, and eventually build as my primary residence. I’ve heard around 50 percent down which seems high to me so wanted to get input. Thanks
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