Many mortgage companies, however, do not offer loans for new construction, so you’ll have to find local banks and credit unions willing to invest in your potential property. There is a construction loan company that specializes in 100% construction financing. However, you.
fha construction to permanent mortgage program Getting an FHA construction to permanent loan is a wonderful opportunity to build the home you want, with a lower down payment than most lenders require on a construction loan. In this article we’ll cover all the main points you need to understand if you’re looking to build a home from the ground up with an FHA construction to perm loan.