Many borrowers are still under the impression that they will have to save thousands of dollars to build their dream home. Once a borrower learns that they can build their dream home with a down payment as little as 3.5% for a FHA loan or zero for a VA loan, the excitement begins! Let’s take it a step further. If a borrower already owns their lot or they are receiving the lot as a gift, the level of excitement is that much more! Lot equity can be used for the borrower’s down payment! With single close construction financing, the possibilities and dreams are limitless! Always check with your lender to confirm eligibility.