re: Land Loan

Yes. Buy the land, add a no work affidavit, when you are ready to build, it will save you from having to do a closing for your construction loan. With us, we just got approved for the entire amount (land loan and what we thought it was going to cost to build). We borrowed what we needed for the lot, paid down the lot for 4 yrs, then used the rest of the money, needed for construction.