Zillow Advice: Mortgage Types - looking for a construction loan http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ Zillow Advice | Zillow Real Estate You may want to check with ... http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ You may want to check with one of your larger local Credit Unions to determine if they offer their own construction program. Due to the loan size you are requesting (>$417,000) most lenders will require at least 20% down. With that amount being put down a Credit Union will often look past minor credit issues and focus more on your capacity to pay back the loan. In your scenario, it will depend on what negative credit issues are causing the 580 score. Thu, 03 Oct 2013 21:28:00 GMT http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ 2013-10-03T21:28:00Z Unfortunately, the lowest ... http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ Unfortunately, the lowest middle score of all borrowers is used for qualification purposes. The 580 score and the income associated with it should not be used. Unless it's urgent, I would focus on fixing the low score, assuming the income is needed to qualify. Sat, 21 Sep 2013 00:28:00 GMT http://www.zillow.com/advice-thread/looking-for-a-construction-loan/512240/ 2013-09-21T00:28:00Z