Do You Need a Down Payment for a Single Close Construction Loan?

Whether you need a down payment for your loan depends on the specific loan program you decide to use. In a traditional construction loan, most buyers need a down payment around 20% to access the most favorable one-time close loan terms. Our one-time close programs offer down payments anywhere from 0% to 3.5%, to a maximum of 5%, a small fraction of what other lenders typically ask for.