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What is the best loan product for me?

I live in California and I need a mortgage to buy a small lot that’s for sale in our neighborhood. I dream of building a house on the lot in the next few years and I can put down at least 50% down payment on the property. My current home is fully paid. What is the best loan product for me? Is a construction loan a good choice? by jerry615 from Davis, California. Sep 6th 2022 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

The only accurate way to determine what is the best loan is for you to make a full loan application with a local mortgage broker. There are simply too many different loan options, guidelines, and then personal choices to make to answer here. I lend in MN, WI, IA, ND, and SD. Find me at VALoanMN.com - Cambria Mortgage NMLS 274132

Sep 12th 2022
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