I want to build a house. My problem is, the lenders in my area want 10% down to build instead of the normal 5% down do purchase. I DO NOT want to put 10% down. The builder I am working with said he will build the house and sell it to me at completion as new construction. This is great but if he is not done for 5 months, rates may be higher at that time and I might get screwed with a higher rate than I could get now (I can get 5.25% now). Any ways I can make this work with 5% down? I thought of raising the construction price with the builder by the other 5% and then having him credit that back to me when I buy it but then I still have to come up with 10% until then.