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re: Construction loan process for new home build questions
Posted on 10/12/21 at 8:30 pm to shoelessjoe
Posted on 10/12/21 at 8:30 pm to shoelessjoe
The bank does the process every single day.
You can use your own money and pay yourself back if that is what you want.
You don't have to put down a single dime if the final loan amount is 80% or less than the value of the house. How you get it there is of no concern when the final appraisal and loan amount is done. If you have to bring cash then you bring cash.
You can use your own money and pay yourself back if that is what you want.
You don't have to put down a single dime if the final loan amount is 80% or less than the value of the house. How you get it there is of no concern when the final appraisal and loan amount is done. If you have to bring cash then you bring cash.
This post was edited on 10/12/21 at 8:32 pm
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