I posted this on the personal finance sub but didn’t get any hits…This is our first house that we’re building and the process is overwhelming to say the least. We bought land from an equity line in the family.Are we going to need a down payment for a construction loan? From what I understand, we can use the land ownership as a “down payment” in the form of equity or collateral.Also, could we use the land as a down payment for the house itself ( CMIIW, construction loans and your mortgage are seperate? Or are they included on the total cost of the house?)I know we’ll find out this information as we talk to builders, banks, etc. I was just wondering if any of you had any experience with this.