Can you use an FHA loan for new home construction?

I have brilliant credit, I am in a health care field with a very stable income, and my wife and I are first time home buyers. We would have the 3.5 – 4% down payment required by FHA. We are just wondering if it is an option to get a FHA loan for new home construction. Thanks for your help.

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    2 Responses to “Can you use an FHA loan for new home construction?”

    1. Shortie says:

      I don’t have a certain answer but my husband and I also have an FHA and were considering new construction so I hope you can! I just emailed my mortgage lady so I will give you a certain answer when she gets back to me!

      EDIT: She FINALLY got back to me and yes you can use an FHA loan for new construction! Delight in!

    2. Bill says:

      Yes you can, without a doubt. Now is a excellent time to buy.

      Bill

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