Best construction loan options?

Credit and mortgage advice Forums Home Mortgage Best construction loan options?

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      My husband and I are still toying with the idea of buying some land and then building a house on it.* I read on another site, though, that FHA construction loans require 10% down.* Is this correct?* Are there better options for construction loans, perhaps with a lower down payment?* We probably be using our “down payment money” on buying the land.* I ask because I can’t seem to find any homes on acreage that we could afford, so I’m wondering if it could be cheaper to buy the acreage up front…* Thanks for the advice!

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