how much to put down on construction loans?

Typically, it depends on the lender, and whether or not you already own the lot you want to build on. Construction loans are very risky for the lender since they are making a decision to lend to you based on today's market, but the property wont be complete for 6 - 18 months down the road, and a lot can happen in that time. If we look back to 2005, there were a lot of lenders who got burned issuing construction loans based on one value,and the market collapsed before the properties were built. This resulted in thousands of foreclosures... so, it might take 5% or 25%.. every scenario is different. If you want to know what will work for you specifically, then you should reach out to a LOCAL mortgage broker and apply with them. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

You can put as little as 5% down for a construction loan.