Our land has been appraised for $100,000 but the house we want to build is going to cost between $300,000 & $400,000. Is it possible to borrow more than the lands worth using the land as collateral?

This is a residential construction loan and most banks provide those.The way those loans work are that money is disbursed in stages as construction progresses. It is not a matter of the lender giving you all of the money upfront “that will not happen”. As more is built, the value of the property increases and the lender releases more money.

Talk to your local bank or a couple of them to see what they say

Thank you. I appreciate your reply!