Yes — and here’s how to make it work seamlessly.

If you’re planning to build your dream home from scratch, you may be wondering:

👉 “Can I use a construction loan to buy the land and build the home at the same time?”

The answer is yes.
In fact, this is one of the most common ways people use construction loans.

Here’s exactly how it works — and what to know if you’re starting with an empty lot (or haven’t found one yet).

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✅ One Loan, Two Purposes

A construction loan can be structured to:

• Purchase the land
• Fund the construction costs
• Combine into a single mortgage (if using a one-time close)

That means:

• One approval process
• One set of closing costs
• One clear budget from dirt to move-in

📘 Whether you already own land or plan to buy it, we’ll structure your loan to include both.

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🏞️ If You Already Own the Land

Great news — the value of the land can count toward your:

• Down payment
• Loan-to-value (LTV)
• Equity contribution

Example:

If you own a $100,000 lot with no loan on it, and you’re building a $400,000 home:

• Your total project cost is $500,000
• Your $100K land can count as 20% down
• You may not need to bring any additional cash to closing

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🛒 If You’re Buying the Land as Part of the Loan

That works too! We’ll help you:

• Get pre-approved for a combined land + build budget
• Submit a purchase offer on the lot
• Close both transactions at the same time

This approach saves time and allows you to:

• Move faster on lot offers
• Avoid needing a separate land loan
• Lock in your builder and financing early

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🧾 What’s Needed to Include Land in the Loan?

You’ll need:

• Lot purchase agreement or deed
• Property survey or parcel map
• Builder plans and specs (or preliminary draft)
• Title work for the land
• Appraisal based on the completed home’s future value

We’ll work with the title company, appraiser, and your builder to coordinate everything.

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💡 Tips When Buying Land for a New Build

✅ Confirm zoning allows residential use
✅ Check utility access (water, sewer, electric)
✅ Get a site evaluation — slopes, soil, trees, etc.
✅ Understand local permit and impact fees
✅ Choose a lender who can close both land + build in one process (like PRMI)

Buying the wrong lot can delay your project — we’ll help make sure it’s build-ready and budget-aligned.

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🏢 Why PRMI?

At PRMI, we specialize in land + build construction loans with:

• One-time or two-time close options
• Direct communication with your builder and title company
• Flexible down payment structures using land equity
• Fast pre-approvals so you can move confidently on your ideal lot

From dirt to driveway — we’ve got your back.

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👇 Want to Buy Land and Build With One Loan?

Let’s walk through your plan and show you how to secure both the land and the construction funding — all in one clear process.