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Vacation home finace

I have a piece of property, paid for, located out by Canyon Lake. I want to build a home out there. What would be the best move for financing and would this fall under rural development?
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September 13 2013 - Canyon Lake
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Answers (1)

Best option would be to contact a local bank or credit union and discuss their contstruction loan programs.  They may also do the permanent loan. You could use your equity for down payment and likely get a construction loan for 75% of total value of lot and home construction cost.
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September 14 2013
 
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