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Home Loan Options to Build New

My situation:  recently decided to buy a home.  I split with my long-term partner and have since been living with a friend.  I want to build a new home (for various reasons, mostly I want things in the house I've not been able to find in existing homes).  However I don't have a lot of savings built up as I've been buying toys and not saving for a home, didn't think I was going to need one.

Want to build in KC, MO/KS (Clay or Wyandotte county) early 2013
$300-350k home
~$20k in savings 
$100k a year in income
15+ years at my job, I'm ~40 years old, excellent career, can count on 5+% raises a year
Credit score 725+ 
Current rent is $500, putting aside another $1200 a month apart from that in prep for owning a home


Are there any options for building a new home in the 350k range with only 20k in savings in the KC market?  I don't really know how new home builds are done money wise, all my friends either built back in the pre-2006 craze or had 20% down.
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October 03 2012 - US
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Profile picture for Dave1972KC
One more thing:

DTI = .23 (Only debt is vehicle and Child Support)
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October 03 2012
 
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