I currently own land and would like a construction loan to build on it. Would I be able to have one loan that covers both the land and construction costs?

The answer should be yes...as the loan would be based on the completed value.As long as the loans and constructions costs meet the loan to value guideline the answer would be yes. Hope this helps....

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yes, where is the land> what state and county?

More info needed, but i'll have to speculate that the land has a loan against it.. The lender will look at the Loan to Value (LTV) ratio to determine how much they will lend.. if they are capped at 80%, and you have sufficient equity in your land, then you might not need any money down.. if however, you do not have sufficient equity to satisfy the lenders LTV requirement, you would need to come to the table with the added funds to bring the LTV down. When you sit down with your lender, they should be able to give you an estimate of how much you will need.. 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 NMLS# 226347

Yes, but how much you need to borrow and how much (if any) mortgage is on the land already make a difference. Construction-perm mortgages have tighter guidelines than buying an existing home (whether new or not).

The property will be rolled into one loan, contact a local construction lender for more information. I hope this helps.Jesse Stroup | Mortgage Banker | California NMLS# 6229 | 510-704-3445 Please contact me for more information.