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Which of the following might a lender require for a construction loan? Select all that apply. 1. A car for collateral 2. A 20% down payment 3. Builder qualifications 4. Construc…

Which of the following might a lender require for a construction loan? Select all that apply. 1. A car for collateral 2. A 20% down payment 3. Builder qualifications 4. Construc…
asked 39.6k views
1 vote
Which of the following might a lender require for a construction loan? Select all that apply.

1. A car for collateral

2. A 20% down payment

3. Builder qualifications

4. Construction details

NO LINKS (I’ll get you banned if so)

asked
User Karthik Sivam
by
8.5k points

1 Answer

3 votes

2. Most lenders require a 20% minimum down payment on a construction loan.

answered
User Apalala
by
9.0k points
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