Construction Loan for 2nd homeI live and work in Portland, OR, but own about an acre of land in Coeur d'Alene, Idaho that I would like to construct a vacation home on. I earn approximately $110K/year through salaried employment and have been employed at the same place for 8 years. My credit score is ~700.I would like to construct a home on that lot that would cost around $230,000, and I estimate the home's value to be $450,000 once completed, making the LTV ~52%.Based on the estimated monthly payment for a conventional 30 year fixed loan ($1500/month including taxes and insurance), my Debt to Income ratio would be between 46% - 48% with the new loan.I am interested in learning what options there may be for construction loans based on my situation.Thank you for any guidance you may have.January 14 2011 - Coeur d'Alene00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.