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todays topic is on construction loans again kind of a subtopic here and the question is can I use my land as a down payment you know toward my construction loan and the short answer is yes it sort of automatically gets considered but that doesnt really answer the detailed questions that come up in the various situations so I want to illustrate that with a couple of different scenarios here and one here column and we show where youve owned the land for a year or less or less than a year and the second we show where youve owned it for more than a year and were going to illustrate the differences here and so you know what what happens in a construction loan is construction loans operate rather than the traditional just loan to value you know if youre going to buy a house and lets say if the lender says you have to put a minimum of 20 down then the loan to value is 80 right its the inverse of your down payment its the percentage of loan 80 000 lets say in a hundred thousand dolla
