Updated almost 10 years ago on . Most recent reply
Anyone familiar with FHA New Construction Loans?
I'm wondering if anyone has used a lender that offer a 3.5% down FHA new construction loan. Not a 203k reno but actually buying land and building new construction. I've found a few options for 10% down new construction loans but I can't find much for FHA 3.5% down. The only one I know of is offered by First Guaranty Mortgage Corporation but they have some guidelines that I cannot meet due to the location of the land.
Most brokers I've spoken with haven't even heard of this type of loan. Anyone?