Land Clearing Costs Toward Down Payment?
We recently purchased some acreage (financed at our credit union). We are paying out of pocket for the land clearing & driveway clearing & materials with a cost of approximately $10K, and it should be completed this week. Will most financial institutions allow us to use this out-of-pocket expense as part of our down payment? We plan to apply for the construction loan at the same credit union in the next 30 days.