re: Can someone help me understand how construction loans work?

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Am I correct in assuming I won't have to put anything down to obtain the construction loan but would have to pay out of pocket for any work after the 153k (example number) is used up?

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No, you’re going to have some up front costs just to get the process started. Your lender may require you to escrow funds also.

I’ve built a few houses, but never ran into the “what do you do after you’ve run through what the bank will lend”