lenders who will loan for buying land & building house together?

Asked by jmk12805, Chesterton, IN Sun May 5, 2013

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Brent Wright, Agent, Portage, IN
Thu May 23, 2013
First you will want to speak with your personal bank. You will need 20% down unless you can find a builder that is building in the neighborhood and has the style you want in there plans. Then you can work out deals to buy with as little as 3.5% down. It really depends on the situation though. If you are going to just buy some land and have your own builder build definitely 20% down. You'll do a contractors loan and then close once the home is completed. So you will be paying interest only or P&I payments while it is being built. If you have any more questions feel free to give me a call (219)406-7195
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, ,
Sun May 5, 2013
Reach out to a local bank, such as First State Bank of Porter, DeMotte State Bank or Kentland Bank. Just be advised they will require 20% down and strong credit / financials.
Web Reference:  http://yourFHAhomeloan.com
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Jessica Klja…, Agent, Schererville, IN
Sun May 5, 2013
Hi. It depends on your financial situation
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