Property Q&A in 22079>Question Details

Mike Donaghey, Both Buyer and Seller in 22079

If I own a piece of land that has appraised for $235,000, and my credit is good, how much cash on hand should

Asked by Mike Donaghey, 22079 Thu Feb 12, 2009

I have to apply for a construction loan?

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Answers

1
Just like regular mortgage lending, guidelines have changed a lot on construction lending. You're probably going to need about 25% of the cost of the project.
0 votes Thank Flag Link Thu Feb 12, 2009
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