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re: Down payment on construction loan.

Posted on 8/22/16 at 2:23 pm to SippyCup
Posted by JonTheTigerFan
Central, LA
Member since Nov 2003
6791 posts
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Posted on 8/22/16 at 2:23 pm to SippyCup
I'm building now and my bank will do 100% LTV with a credit score of 700 or greater and 90% if your score is between 650 and 700.
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Posted by LSU5508
New Orleans
Member since Nov 2007
3619 posts
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Posted on 8/22/16 at 3:20 pm to JonTheTigerFan
I know banks in New Orleans will do a conventional one time close with 10% down. I believe FHA also has a construction loan but it is capped at some number.
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