How much of a down payment to build a house?

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Kenny Crona asked a question: How much of a down payment to build a house?
Asked By: Kenny Crona
Date created: Tue, Apr 6, 2021 12:01 PM
Date updated: Mon, Jun 20, 2022 4:51 PM

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Down payment: A 20% to 30% down payment is typically required for new construction, but some renovation loan programs may allow less. Repayment plan: With a construction-only loan, the lender might want to know if you'll pay the balance in cash or refinance when building is complete.

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