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BMO Says Housing Market Will Continue To CrashProgram Details � Minimum credit score required � Minimum credit for loan amounts over $1,, � No builder approval needed � 20% down up to $2M loan. A construction mortgage, also known as a home builder's mortgage or construction loan, provides financing when you want to build your home from the ground up. Construction Loan (Minimum Amount of $,)* Flex Loan*. Amount requested (Minimum amount of $,**) Requested term of loan. Requested loan amortization.