DIYbanter - View Single Post - Buy land and trailer, then build home? Mortgage questions...

krw

In article ,
says...
I know a few people who have sone just what you want to do, live in a mobile
while building the house, then sell the mobile. It worked out just fine. But be
aware that many banks require you to own the land outright before they will
lend construction money.

...or have similar down payment. Owning land prior to building
isn't normal these days. I've heard many contractors won't go
there (building on property _they_ don't own title to). As always,
do the research before getting in over one's head.

--
Keith