I would just check with your lender to verify that the property will be eligible for refinancing after the construction loan.

What is the loan to value (LTV) or mortgage balance compared to the assumed value? 

Mix buying a home, saving money, putting money in different spots, and possibly getting a better loan deal to stand in a good spot after 5 years.Good luck!

Get a short-term loan.

I love helping people and truly do enjoy my job, but I am already at a young age topped out for compensation and in this field with insurance reimbursement structure the way it is, I am likely to not move up much at all in the future unfortunately.I have always loved personal finance and after accruing ungodly amounts of student loans and navigating paying them off all while efficiently investing in the stock market as well as now real estate I have not only realized how strong my interests are in this area but also my personal skills align in financial planning and personal finance.

Second endorsement for HouseScan.  

Leveraging Marina's local market expertise, we secured the property for $35,000.

On our second deal, we brought on another partner, to help with down payment and balance sheet.Thank God, because when we signed our next deal six months later, our partner was instrumental in helping us with the loan.

These operate like hard money loans, without origination fees or draw requests.

Leveraging Pat's local market expertise, we secured the property for $220,000.