Construction: Financing

: During construction, you generally only pay interest on the funds that have already been drawn, rather than the full loan amount.

: These loans typically last 12 to 18 months , covering only the building phase. construction financing

: Most lenders look for a DTI ratio below 45% . : During construction, you generally only pay interest

: Expect to put down 20% to 25% . Government-backed options like FHA construction loans may allow as little as 3.5% down. : During construction