Construction Loan

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Construction Loan

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05-05-2008, 06:55 AM

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Construction Loan

I own a quarter acre lot that is worth 85k. I want to build a house on it to sell. I can build the home for 125k and it would be worth 250k at a minimum. Is it possible to get a loan for the whole 125k? or would I need to use some of my own cash? I own the lot free and clear

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