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Subject Author Date
Construction Loan Question artmt 01-17-2007
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Posted by on January 17, 2007, 3:17 pm
I currently have land under agreement and I am planning to build a
duplex.
I would prefer to have a single loan for both - land and
construction.
Do banks usually require a building permit in order to close on the
land? If they do I may have to buy land separately as I don't have
enough time to get the permits prior to closing.

Thanks
Art


Posted by Lou on January 17, 2007, 9:31 pm

I recieved my loan without a permit.
Lou


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