Featured Article by RealtyTimes.com - Home Buyers are Flocking to the FHA Construction Loan Program
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March 22, 2024Get an FHA / VA backed One-Time close construction to permanent financing loan with a 3.5% down payment for FHA or a $0 down payment for VA. Home inventory levels are at historic lows and now may be a good time to consider building a home on your own lot utilizing this Single Close program.
March 21, 2024Some construction loan terms are important to know before you commit to a One-Time Close loan. What do you need to know about this industry jargon. Some single-close loan terms are similar to others and can be initially confusing, especially when industry pros use some terms interchangeably.
March 18, 2024The banks that operate conventional construction loan programs have a variety of rules and requirements depending on who you use. Still, one thing among all these lenders is common--for conventional loans, it's the rules of the bank that apply in addition to state/federal regulations. These lenders do not have an overseeing federal agency that regulates the specifics of their construction loan programs outside of typical banking law.
