Do you require land for the advance payment on a construction loan? We purchased a block of land with cash and would like to understand we apply for a construction loan to build a home if it can be used as a down payment when.

Do you require land for the advance payment on a construction loan? We purchased a block of land with cash and would like to understand we apply for a construction loan to build a home if it can be used as a down payment when. The advance payment needed for a...