Can I use the equity in my home as a down payment for a construction loan?

Yes, equity in land that is paid in full can go toward your down payment. You may be able to take out a second mortgage against your current home for the down payment on a construction loan as long as you have sufficient equity. See a Veridian Mortgage Loan Originator for details.

Related Articles

All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately.

Locate a Branch

Serving all 50 states digitally with branches in Iowa and Nebraska.

Image of Veridian Branch