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River Luce
  • Real Estate Agent
  • Scottsdale, AZ
3
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15
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Will The FHA Approve a Loan if I want to Build my own Home?

River Luce
  • Real Estate Agent
  • Scottsdale, AZ
Posted Aug 9 2020, 12:52

Hey There Bigger Pockets,

I have been looking into FHA Loans and I am curious about if they allow buyers to use the money to build their own property? Some of the markets I have looked into cost more for existing houses than just building on a vacant lot. I would be looking to build a duplex, tri, or four-plex and just do a house hack in a less expensive way. Through my research I have seen that the FHA does allow loans on anything up to a four-plex but I haven't found any information on weather they allow building with the loan.

Any help is greatly appreciated!