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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Tags: construction, construction thanks, fha loan, first time home, first time home buyers, health care field, home, loan, new home construction, stable income, thanks for your help, time home buyers
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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!
Yes you can, without a doubt. Now is a excellent time to buy.
Bill