Hello all!

I am looking to get financing on a 3 acre plot of land and build a small house in Colorado.  All in the budget is looking to be around $400k.

Are there any programs on a FHA construction loan to decrease the down payment below 3.5%? Or alternatives to get the ~$25k cash that will not disqualify me for the FHA construction mortgage?

After the build is complete I am looking to house hack and rent out the basement as a 2 bedroom apartment. to start my real estate investing career.

Thank you for any responses!