I am interested in building an owner occupied fourplex in the Oklahoma City, Area.
Are there any banks in the area or otherwise that offer the FHA Construction to Permanent Loan (not the FHA 203k remodel loan) that would allow me to purchase a plot of land and build my home?
Can anyone help out?
@Jon Hinson , search primary residential mortgage inc in your local area and see what branches pop up. Not too many mortgage companies work with these types of loans, especially banks. I used to work with them and I know that they offer the program. Keep me updated
Thanks for the information! I'll look into it and let you know @Raymond J. Rodrigues
@Jon Hinson , following up on this. Did you end up finding a lender to offer the fha construction loan?
Look into FHA OTC (one time close) try working with a local broker who is signed up with a lender based in my state of NJ Called American Financial Resources, it's their expertise.
Best of luck,