Posted on: 26th Oct, 2010 02:21 am
Hi,
I have property and will build a small home in the spring. I have excellent credit, no debt, good job; I want to get a construction loan and then convert it to a FHA loan with a 3.5% down payment. Can my property value be part of the down payment? Am I allowed to do a FHA loan if it's being converted from a construction loan?
Thanks!!
I have property and will build a small home in the spring. I have excellent credit, no debt, good job; I want to get a construction loan and then convert it to a FHA loan with a 3.5% down payment. Can my property value be part of the down payment? Am I allowed to do a FHA loan if it's being converted from a construction loan?
Thanks!!
Hi MIgirl,
You can surely get it done.For further information on the subject matter you can refer the below mentioned link.
"www.ehow.com/how_5002842_build-home-fha-loan.html"
Feel free to ask any further query if you have..........
DIPA
[Link deactivated as per forum rules. Thanks.]
You can surely get it done.For further information on the subject matter you can refer the below mentioned link.
"www.ehow.com/how_5002842_build-home-fha-loan.html"
Feel free to ask any further query if you have..........
DIPA
[Link deactivated as per forum rules. Thanks.]