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You can actually use a regular FHA loan on new-construction homes but you can't use a 203k (rehab)ilitation loan on a new construction home or a home that's never been completed since it must have a certificate of occupancy for one year first.If you'd like to read a 4-part answer (much greater detail), go to Zillow --> Advice --> Search --> "FHA construction loan" --> "Do I qualify for an FHA construction loan?"
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For Sale: $149,900
For Sale: $79,900
For Sale: $45,000