Gifted or Free Land

My parents are giving us an acre of land free and clear to build our house on. How can this benefit us in acquiring a loan or any other benefit?AnonymousYou have nice parents.It used to be that having your land Free & Clear (Jargon for “paid for”) was as good as a construction loan approval. Not so anymore I‘m afraid.Some mortgage lenders have gone back to being so conservative (afraid) that they