These costs are called closing costs and Zillow estimates these fees. and you’d need to put down a 20% down payment. However, you can get FHA loans with a low down payment or VA loans with no down.
Can I Buy House Without Down Payment Construction Loan Down Payment Requirements If you’re going to get a loan to finance the construction as well as buy the lot, the $70,000 is then in the form of a down payment from you. The contractor will provide a report that identifies.