re: New home construction financing

Recently went through the same process. Hard part was finding a bank with reasonable finance options for new construction. Bank I finally went with financed 85% of the construction costs, based on initial appraisal.

My builder was fixed fee and let me buy/do as much of the work myself as I wanted to. That helped me save alot and we may not need more than what the bank loaned.

If I had 50% of costs I'd try to use my cash early and get the house dryed in. Then get a loan to finish rest of house. Save you quite a bit in interest only payments you make on the loan during building process.