The specific regulations regarding building on land with an existing loan can vary depending on your location and local laws. In many cases, you should be able to build on the land secured by a loan, but you might need to adhere to certain conditions. To get accurate information about your situation, it's best to:
Check with your lender: Consult with your loan provider to ensure that building a house on the land you're financing is in compliance with the terms of your loan agreement.
Local regulations: Contact your local city or county planning department to find out about zoning and building regulations that apply to your land. They can provide information on permits, restrictions, and any other requirements you need to follow.
Consult a legal expert: For legal advice tailored to your specific situation, it's a good idea to consult with a real estate attorney. They can provide guidance on your specific circumstances and help ensure you're following all applicable laws and regulations.
It's important to verify these details with professionals who are familiar with the laws in your area, as regulations can differ significantly depending on your location.