Buying a New Build? What to Know as a First-Time Homebuyer
Redfin
AUGUST 5, 2025
Most land loans and construction loans require a larger down payment compared to a conventional mortgage for an existing home. Pre-qualify for a loan Unless you plan to pay with all cash, you’ll need to pre-qualify for a loan before buying land. But before you build your house, you’ll also need to purchase land.
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