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Typically, in order to qualify for a construction loan, you must have a good credit score, acceptable debt-to-income ratio, and a down payment of at least 20% of the project costs. You'll also need to provide detailed plans and cost estimates for the construction project, as well as other financialRead more
Typically, in order to qualify for a construction loan, you must have a good credit score, acceptable debt-to-income ratio, and a down payment of at least 20% of the project costs.
You’ll also need to provide detailed plans and cost estimates for the construction project, as well as other financial documents such as recent tax returns and bank statements.
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