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can I get a fha construction loan?

by jc7000609512 from Reedsburg, Wisconsin. Apr 9th 2015 Reply


Yes. We do a FHA one time close construction loan. Contact me if your interested.

Apr 9th 2015
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Mandy Fritsche (mortgage.mandy)
#35 ranked lender in Wisconsin - 20 contributions

Do you need an actual construction loan? End loan after construction? or Renovation loan? Contact me to discuss your options! Sincerely, Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.comwww.MyProspectMortgage.com/mfritsche

Apr 9th 2015
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Yes, there are FHA rehab/construction programs. The important thing is to look at all available options however as there may be better and cheaper programs than FHA. Call or email me when you can and we will put a plan in place for you.

Apr 9th 2015
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Yes, there are FHA rehab/construction programs. The important thing is to look at all available options however as there may be better and cheaper programs than FHA. Call or email me when you can and we will put a plan in place for you.

Apr 9th 2015
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

The simple answer is YES YOU CAN.

Apr 9th 2015
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Joe Becker (JoeBecker)
#3 ranked lender in Minnesota - 57 contributions

Yes, there are FHA rehab/construction programs. The important thing is to look at all available options however as there may be better and cheaper programs than FHA. Call or email me when you can and we will put a plan in place for you.

Apr 9th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

yes and no.. FHA does have the Construction to Permanent (CP Loan), however FHA does not insure the loan until after the construction is complete.. For this reason, it's very difficult to find a lender willing to allow an FHA construction loan.. I'm not saying it's impossible, but very difficult.. your best bet is to try contacting a local mortgage broker and see what he can find for you.. much more info would be needed to say what can or cannot be done for you.. for instance.. do you currently own the lot you wish to build on? if so, is there a balance owed? how much down payment do you have? FHA only requires 3.5% but lenders might require more.. etc.. etc.. etc.. for this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Apr 9th 2015
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