Looking to build a home but do not have 20% to put down. There are other options.

Most if not all construction loans require 20% down. There are look alike construction loans That follow conventional, FHA, USDA & VA guidelines. This means you could build a home with zero money down if you are a veteran or qualify for a USDA loan.

Conventional construction loans will allow 5% down payment. FHA construction loans will allow 3.5% down payment and USDA & VA allow zero down payment to build your dream home. Usually the closing costs are built into the purchase price. These products are for single family homes only. It must be an owner occupied home. We do offer investment property constructions loans for 1-4 units. This program will allow you to buy your dream lot and build your dream home. Building a home can be cheaper than buying an already built home and then modifying it. Barclay Butler Financial Inc. offers these loans.