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Home Guides » Mortgage & Loan Payments » Mortgage Down Payments » What Type of Loan Is Needed to Purchase Land? What Type of Loan Is Needed to Purchase Land?
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You would need a construction loan that will finance the purchase of the lot and cost of construction. My guess is you would need an equity position or down payment
Will a construction loan cover the cost to buy the land
can we get a construction loan that covers buying the and may need more money for a buyer on the land, then subordinate to a construction loan.
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