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WebJun 14, 2024 · The HUD Definition. HUD 4000.1, page 457 is where the rules and guidelines for building on your own land are found, starting with the FHA definition of the term: “Building on Own Land refers to the permanent financing of a newly constructed dwelling on land owned by the Borrower” and such loans are permitted to include “the extinguishing ... WebJul 30, 2014 · In general, construction loans for a build-on-your-own lot or custom home—I’ll explain those terms next—require you to make a down payment of 20% to 25% on the entire cost of building the ... healthcare scrub suits
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