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Real Estate
Reply to "Construction loan financing question - amount of down payment required"
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[quote=Anonymous]Most banks will do the loan based on a completed value. However, unless you're extremely lucky, it is difficult to believe that you'll be all in at $1 million for a home worth $1.3 million - new construction numbers don't typically work that way unless you've owned the land for a long, long time.[/quote]
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