FHA Construction Loan

What to know about FHA Construction Loans

An FHA construction loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Typically, an FHA loan is easier to qualify for, especially for first time home buyers. There is often a lower down payment requirement that offers more flexibility based upon the borrower's credit profile. Additionally, an FHA construction loan can be used for either building or for renovation.

Is an FHA Construction Loan right for you?

Here’s a few things to consider:

Used on Primary Home Only
Credit score requirements
2-time close only available
Lower Down payment
Favored by first time homebuyers
Can be used for home renovation

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Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property

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