If you want to get a construction loan but you already own the land, can you use it as equity or a down payment?

In this video, I dive into the topic of construction loans and explore the possibility of using your land as a down payment. I address various scenarios, including owning the land for less than a year and owning it for over a year, highlighting the differences in loan calculations.

Construction loans differ from traditional loans, operating on a "loan to cost" or "loan to value" basis. I illustrate these concepts with real-world examples, discussing the implications of land value and cost on loan eligibility. If you're considering a construction loan and want to leverage your land, this video is a must-watch.

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